Reformed Management Contract with PSEG Long Island

On December 15, 2021, the LIPA Board approved a reformed contract that puts customers first and provides LIPA and the New York State Department of Public Service greater oversight authority. Under the approved agreement, PSEG Long Island will forfeit $30 million to compensate customers and pay for repairs to the information technology and communications systems that failed during Tropical Storm Isaias. The reformed contract terms meet all eight of the LIPA Board’s reform criteria, as agreed with PSEG Long Island in June 2021. The contract has been signed by PSEG Long Island and LIPA and will now undergo review and approval by the Office of the New York State Attorney General and the Office of the New York State Comptroller before going into effect.

REFORMED CONTRACT

Reformed Contract

Press Release and Facts Sheets

Public Comment Sessions

Written Public Comments

 
TASK FORCE REPORTS AND RESOURCES

Facts Sheets

30-Day Isaias Task Force Report & Board Meeting Materials

90-Day Isaias Task Force Report & Board Meeting Materials

LIPA Phase I Options Analysis & Board Meeting Materials

LIPA Phase II Options Analysis & Board Meeting Materials

Quarterly Report

New York State Assembly Hearing (Aug. 9, 2021)

TASK FORCE PUBLIC COMMENTS

Options Analysis Public Comment Sessions

Options Analysis Public Board Comments

Options Analysis Public Comments

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