Officials examine options to restructure LIPA

State officials are examining how they could restructure LIPA in the wake of the historic outages following Hurricane Sandy.

Officials say one option is to sell the grid to a private company, according to Newsday.

Officials say one option is to sell the grid to a private company, according to Newsday. (12/13/12)

WOODBURY - State officials are examining how they could restructure LIPA in the wake of the historic outages following Hurricane Sandy.

Officials tell Newsday one option is to sell the grid to a private company.

An administration source in Gov. Cuomo's office says that the global investment bank Lazard is researching the possibilities.  

advertisement | advertise on News 12

Trending Video

Crowds come for the hard ciders and stay 1 East End: The Riverhead Ciderhouse
Police say the victim sustained multiple lacerations and 2 Police release sketch of man found dead in Massapequa Preserve
Nassau Police say a Hempstead man has been 3 Police: Man arrested for sex assault of child, stabbing 2 women
Police are searching for the driver involved in 4 Police: Man arrested in fatal Brentwood hit-and-run
Police say Fredys Santamaria was parked outside of 5 Man accused of parking lot lewdness arrested again

advertisement | advertise on News 12

More News

NY utilities Con Ed, LIPA subpoenaed in Sandy work

(AP) - The New York utility company Consolidated Edison said it received a subpoena Wednesday

Nearly 1 million LIPA customers lost power at LIPA customers billed for days in dark

LIPA customers who spent days or even weeks in the dark due to Superstorm Sandy

Gov. Andrew Cuomo has appointed a new chairman Cuomo appoints new LIPA chairman

The governor selected Lawrence Waldman, a current LIPA trustee, for the job.

Residents were given the opportunity to speak out Residents blast LIPA at public hearing

Residents upset with LIPA's handling of Hurricane Sandy power restoration got their chance to speak

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE