Gov. Cuomo signs bill to overhaul LIPA

 Under the law, New Jersey-based utility PSEG will replace LIPA as the electric provider for Nassau and Suffolk counties. The law also freezes electric rates until the end of 2015.

The legislation calls for NJ's power company to take over daily operations for LIPA.

advertisement | advertise on News 12

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.