FOR IMMEDIATE RELEASE
September 19, 2008
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Contact Information:
Ed Dumas- VP of Communications: (516) 719-9838
Cell Phone: (631) 872-2790
Media Pager: (516) 525-LIPA
media.relations@lipower.org
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KEVIN S. LAW, PRESIDENT AND CEO, LONG ISLAND POWER AUTHORITY
STATEMENT ON FEDERAL GOVERNMENT’S PASSAGE OF INVESTMENT TAX CREDIT (ITC)
“Had these federal tax credits been allowed to sunset, it would have brought
a screeching halt to the fast-growing solar industry in our region, and could
have dealt a death blow to LIPA’s recently proposed 50 MW of on-island solar
generation – the largest such array in the state.
“This is a welcome sign that the federal government is committed to the
investment and expansion of clean, affordable, renewable forms of energy for our
homes and businesses. Rebates offered through LIPA’s Solar Pioneer program
coupled with federal and local tax incentives will continue to transform the
marketplace, stimulate economic growth, create green collar jobs, and foster our
energy independence.”
LIPA’s Solar Pioneer program boasts close to 1,400 participants and has
resulted in more than $35 million in LIPA rebates, making Long Island a leader
in solar power throughout the entire state. |
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LIPA, a non-profit municipal electric provider, owns the
retail electric Transmission and Distribution System on Long Island and provides
electric service to more than 1.1 million customers in Nassau and Suffolk
counties and the Rockaway Peninsula in Queens. LIPA is the 2nd largest municipal
electric utility in the nation in terms of electric revenues, 3rd largest in
terms of customers served and the 7th largest in terms of electricity delivered.
In 2006, LIPA outperformed all other overhead electric utilities in New York
State in all three major reliability categories. LIPA does not provide natural
gas service or own any on-island generating assets. More information about LIPA
can be found online at: http://www.lipower.org
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