PSEG may take over Long Island electric utility

PSEG may take over Long Island electric utility
Thursday, April 25, 2013    Last updated: Thursday April 25, 2013, 11:38 PM
BY  KATHLEEN LYNN
STAFF WRITER
The Record

New York State officials are considering turning over operation of Long Island’s troubled electric authority — harshly criticized for its response to superstorm Sandy — to Public Service Enterprise Group, parent company of New Jersey’s largest utility.

It’s among several options being discussed concerning the Long Island Power Authority, including the possibility of selling it to a private utility, a spokesman for New York Gov. Andrew Cuomo said on Thursday.

A unit of Public Service Enterprise Group, PSEG Long Island LLC, already won a 10-year contract to distribute electricity to LIPA’s 1.1 million customers in late 2011. New York officials have begun talking to PSEG about possibly expanding that agreement to include most other LIPA functions, including budgets, customer service, computer systems and storm response. The discussions with PSEG were first reported by Newsday on Thursday.

https://www.northjersey.com/news/business/PSEG_Long_Island.html