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LI lawmakers on privatizing LIPA: Not so fast

Cuomo wants to "abolish" LIPA, but some legislators

Cuomo wants to "abolish" LIPA, but some legislators say rates for Long Islanders could spike by as much as 20 percent if a private utility swoops in. (January 10, 2013 5:49 PM)

Gov. Andrew Cuomo drew cheers from the crowd yesterday when he said in his State of the State speech that the Long Island Power Authority should be replaced with a private company, but some lawmakers here on Long Island say such a move comes with big risks. Legislators say LIPA has cheap debt right now because it's a government agency. If it was replaced by a private utility, rates for Long Islanders...

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