Friday, April 18, 2014

Follow us:
Follow @NY1 on Twitter Subscribe to this news feed 

News

State Lawmakers Approve Cuomo's LIPA Restructuring Plan

  • Text size: + -
TWC News: State Lawmakers Approve Cuomo's LIPA Restructuring Plan
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

State lawmakers have approved Governor Andrew Cuomo's plan to hand over daily operations of the Long Island Power Authority to New Jersey's Public Service Electric & Gas Company, or PSE&G.

LIPA would still be owned by the state authority to make sure it can still receive federal disaster aid and secure lower borrowing rates.

Cuomo has been critical of LIPA and its contractor, National Grid, after so many people were left without power after Hurricane Sandy.

NY1 has reached out to LIPA for comment.

10.11.12.248 ClientIP: 54.204.200.90, 23.15.7.85 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP