Utility Structure
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Tropical Storm Isaias
Question?LIPA is a not-for-profit public utility with a mission to enable clean, reliable, and affordable electric service for our customers. LIPA owns the electric grid on Long Island and all the equipment used to provide service to customers.
If LIPA owns the assets, why does LIPA contract with PSEG Long Island?LIPA’s ownership provides customers with the financial advantages of public ownership, including LIPA’s not-for-profit status, access to low-cost financing, and dedication to Long Island and the Rockaways. These advantages reduce residential customer bills by an estimated $32 per month.