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Ratepayers could foot $401M bill for PSEG pensions

The changeover from LIPA to PSEG could cost

The changeover from LIPA to PSEG could cost ratepayers much more than previously thought: a staggering $401 million more. (April 7, 2014 5:36 PM)

The changeover from LIPA to PSEG could cost ratepayers much more than previously thought: a staggering $401 million more.

When Gov. Andrew Cuomo brokered a deal last year to have PSEG replace National Grid as the manager of LIPA's electric grid, there was a question surrounding who would pay for the pensions of PSEG Long Island's employees. Now it looks like LIPA will have to foot the bill.

Matthew...

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