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.  

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