LI lawmakers on privatizing LIPA: Not so fast

Cuomo wants to

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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