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Department of Public Service – Long Island

 

LIPA Reform Act

In July 2013, the LIPA Reform Act was signed by Governor Andrew M. Cuomo to restructure electric utility operations on Long Island.  The revamping of Long Island’s electric operations will focus on:

The new legislation called for the reorganization of the Long Island Power Authority (LIPA) and places the day-to-day operations under the direction of the Public Service Enterprise Group Long Island (PSEG-LI).  LIPA is now a holding company with primary focus on financing matters and overseeing the contract with PSEG-LI.  The nine member LIPA Board of Trustees  is responsible for decisions on electric rates using information developed by the NYS Department of Public Service as part of a rate proceeding.  The Board also has final approval on the annual budget and capital expenditures.

This page last modified 03/24/16 03:11:10 PM