Main

Sections

Features

Choose Your Region

Be the first to know

Topics you care about, straight to your inbox

Your email address

Main

Sections

Features

Default

Be the first to know

Topics you care about, straight to your inbox

Your email address

Gov. Cuomo signs law to replace LIPA with PSEG

Gov. Andrew Cuomo today signed a 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

News 12 Staff

•

Jul 30, 2013, 1:00 AM

•

Updated 4,014 days ago

Share:


Gov. Andrew Cuomo today signed a 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.

Cuomo led the charge to overhaul LIPA after the utility was widely criticized for its response to Superstorm Sandy last October.

Critics of the law say the takeover may not necessarily be a good thing for Long Island ratepayers. They're calling for more oversight of the new utility.

Attorney Irving Like also says it's still not clear if PSEG, a private corporation, will be able to keep the tax-exempt status LIPA has. If not, he says it could lead to higher rates.

PSEG will take over operations on Jan. 1.
More from News 12
2:05
Zillow report: 28 LI communities have million-dollar starter homes

Zillow report: 28 LI communities have million-dollar starter homes

1:14
Wonderful weekend ahead with shower chances early next week

Wonderful weekend ahead with shower chances early next week

0:25
Police: 5 officers injured while arresting man in West Hempstead

Police: 5 officers injured while arresting man in West Hempstead

1:22
Justin Timberlake to be arraigned again for DWI next week

Justin Timberlake to be arraigned again for DWI next week

1:58
LI program gets kids & parents ready to start school

LI program gets kids & parents ready to start school

1:28
Local Summer Olympics watch party happening in Copiague

Local Summer Olympics watch party happening in Copiague

2:02
Brooklyn man facing assault charges, accused of driving into pedestrians outside Eastern Suffolk BOCES

Brooklyn man facing assault charges, accused of driving into pedestrians outside Eastern Suffolk BOCES

2:07
Feast of St. Rocco’s brings food and fun to Glen Cove

Feast of St. Rocco’s brings food and fun to Glen Cove

0:18
Sen. Schumer announces $24 million in federal funding to revitalize downtown Riverhead

Sen. Schumer announces $24 million in federal funding to revitalize downtown Riverhead

0:36
Ceremony honors 24 students at NYU Grossman Long Island School of Medicine

Ceremony honors 24 students at NYU Grossman Long Island School of Medicine

1:44
The Real Deal: How to save on expenses amid rising costs in New York

The Real Deal: How to save on expenses amid rising costs in New York

0:33
State report: Long Island has lowest percentage of bridges in poor condition

State report: Long Island has lowest percentage of bridges in poor condition

1:40
Food Truck Friday: The Cone Depot

Food Truck Friday: The Cone Depot

0:20
Suffolk police officers help woman deliver baby in Amityville

Suffolk police officers help woman deliver baby in Amityville

3:44
Deer Park teen blacklisted by bank after falling for a fake check scam

Deer Park teen blacklisted by bank after falling for a fake check scam

0:18
Police: Suspect wanted for filming under woman’s dress in Deer Park store

Police: Suspect wanted for filming under woman’s dress in Deer Park store

1:18
Farm owner: 2 goats, 3 sheep dead after toxic bushes were thrown into pen on East End

Farm owner: 2 goats, 3 sheep dead after toxic bushes were thrown into pen on East End

1:59
Police: Scammers falsely reporting damage on people's properties before damaging it further

Police: Scammers falsely reporting damage on people's properties before damaging it further

1:46
'It’s just treacherous.' Calls for change grow along busy Nassau road amid multiple crashes

'It’s just treacherous.' Calls for change grow along busy Nassau road amid multiple crashes

1:41
Teens learn skills needed to become firefighters at Camp Fahrenheit 516

Teens learn skills needed to become firefighters at Camp Fahrenheit 516