ALBANY - State lawmakers have approved Gov. Andrew Cuomo's plan to overhaul the Long Island Power Authority.

After more than two hours of debate the state Assembly passed the bill. The decision came down at around 1 a.m. today.

About a half-hour later, the state Senate also approved the bill.

While the Senate vote was unanimous, some Long Island assemblymen voted against the deal, saying the plan has no real checks and balances to hold rates down or to ensure that service improves. The Assembly voted 98-33 in favor of the overhaul.

The bill now heads to Gov. Cuomo's desk for signing.

Beginning Jan. 1, 2014, New Jersey-based utility PSEG will take over virtually all of Long Island's electric service operations.