![]() ![]() Three for-profit utilities - LILCO, KeySpan/National Grid and PSEG - have made lots of money off Long Island ratepayers. PSEG’s own management performance proved so terrible during Hurricane Isaias, in 2020, that LIPA sued it for “corporate mismanagement, misfeasance, incompetence and indifference.” The suit was withdrawn only after a new LIPA-PSEG contract was renegotiated last spring, imposing more controls over PSEG for the remaining three years of the agreement, through 2025. KeySpan was later bought out by National Grid.Īfter National Grid badly mismanaged the preparation for and aftermath of Hurricane Sandy, it was replaced by PSEG, a New Jersey-based utility. LIPA brought in another for-profit utility, KeySpan, to manage and operate the system. ![]() LIPA was created by New York state after the Long Island Lighting Company almost bankrupted ratepayers with its failed Shoreham nuclear power plant. It purchases the electricity we use mostly from National Grid, the same company that sells natural gas on Long Island. But this public authority hires private companies like PSEG to actually run the system. The Long Island Power Authority, which most people know little about, owns the wires and substations. Long Island has a unique way of providing electricity to customers. Who does what? And how does this add up to unnecessarily high electric bills? Yet there is also the Long Island Power Authority, as well as National Grid. Most Long Islanders are rightly confused about who is responsible for our ever-rising electricity bills. ![]()
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