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Upcoming Event:
Wednesday, June 26, 2024 | 9:00 AM – 10:00 AM – Finance and Audit Committee Meeting – LIPA, 333 Earle Ovington Blvd. 4th Floor, Uniondale, NY 11553

Providing Clean, Reliable, and Affordable Energy to Long Island and the Rockaways

As a Public Authority, LIPA owns the electricity system serving 1.2 million customers across Long Island and the Rockaways.

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Board Meetings & Public Hearings

26 Jun

Finance and Audit Committee Meeting

8:15 AM 333 Earle Ovington Blvd., Suite 403, Uniondale, New York 11553
26 Jun

Oversight and Clean Energy Committee Meeting

9:15 AM 333 Earle Ovington Blvd., Suite 403, Uniondale, New York 11553
26 Jun

Board of Trustees Meeting

11:00 AM LIPA Office, 333 Earle Ovington Blvd., Suite 403, Uniondale, New York 11553
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Finance

Our most recent budgets, financial reports, official statements, bond resolutions, rate information, and more are available for your convenience. Our investor relations page contains information for investors, potential investors, financial analysts, and the general public.
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Frequently Asked Questions

LIPA owns the electrical transmission and distribution system serving our community, but we contract for most of the management services and power supply used to operate the electric grid. Since 2014, LIPA has contracted with PSEG Long Island, a subsidiary of Public Service Enterprise Group Incorporated (PSEG), a publicly traded diversified energy company, for management services. LIPA provides service to customers under the PSEG Long Island brand name. The current contract with PSEG Long Island expires on December 31,2025.

PSEG Long Island is responsible for managing LIPA’s transmission and distribution system, including, among other functions, managing day-to-day operation and maintenance, emergency response, customer service, billing and collection, and meter reading.

LIPA is a corporate, municipal agency and a political subdivision of the State of New York, with essential governmental and public powers. LIPA was created by the New York State Legislature through the Long Island Power Authority Act of 1986, with amendments through the LIPA Reform Act of 2013. LIPA became the provider of electric service in the Service Area on May 28, 1998 by acquiring the Long Island Lighting Company (LILCO) as a wholly-owned subsidiary through a merger.

Following its acquisition, LIPA retained LILCO’s electric transmission and distribution systems, certain agreements and contracts for power supply and transmission, an 18% ownership interest in Unit 2 of the Nine Mile Point nuclear electric generating station located in Oswego, New York, along with certain other assets and liabilities. The remainder of LILCO’s assets, including its then-existing fossil-fueled generating units, employees, and entire gas supply system, were transferred to certain subsidiaries of KeySpan Corporation. In August 2007, KeySpan was acquired by National Grid plc.