On-Bill Recovery Financing Program Will Allow Consumers to Pay for Energy Efficiency Upgrades on Monthly Utility BillGovernor Andrew M. Cuomo today announced that New York consumers seeking to make energy-efficient upgrades to their homes can now obtain low cost financing and repay the loan on their monthly utility bill. The program, known as On-Bill Recovery Financing, allows costs incurred by homeowners to be offset through energy savings while reducing consumption and air pollution, making it a win-win for New Yorkers.
New York State Senator Kenneth P. LaValle (R-C, Port Jefferson) and Assemblyman Bob Sweeney (D-Lindenhurst) announced that legislation they crafted in concert with Governor Cuomo has been unanimously passed by the New York State Senate. The legislation will, once signed by the Governor, create the “Long Island Power Authority Oversight and Accountability Act.” The bill previously unanimously passed the Assembly.
Senator LaValle and Assemblyman Sweeney said that the bill seeks “to provide wide-ranging oversight over the business and rate-making practices of the Long Island Power Authority. LIPA’s customers will benefit by having the review performed under the direction of the professional staff of the New York State Department of Public Service (DPS).”
The Queens Courier wrote an article about the Department of Justice's $4.8 million settlement with Morgan Stanley for their illegal pricing scheme, which cost ratepayers roughly $300 million. Senator Gianaris and other local politicians are pushing the Dept. of Justice to increase the fine, arguing that the current settlement is unacceptable and would allow Morgan Stanley to keep millions in profit.
Local elected officials are expending “energy” to ensure Morgan Stanley doesn’t get a quick “fix” to its illegal pricing ploy.
The Queens Chronicle investigates the alleged prixe-fixing scheme employed by Morgan Stanley and KeySpan that overcharged New Yorkers for electrictity while garnering Morgan Stanley and KeySpan $21.6 million. Senator Gianaris believes that the Department of Justice's recommended fine of $4.8 million is inadequate.
A price-fixing scheme allegedly concocted by Morgan Stanley and KeySpan, and involving Astoria Generating Co., may have overcharged New Yorkers for electricity while garnering Morgan Stanley and KeySpan millions, according to published reports and two area politicians outraged at the scheme: Councilman Peter Vallone Jr. (D-Astoria) and state Sen. Mike Gianaris (D-Astoria).
The New York Post wrote an article about community leaders from Queens who are complaining that a $4.8 million fine issued to Morgan Stanley for a price-fixing scheme is not enough. Senator Gianaris feels that such an insignificant fine would continue to permit the bank to reap the benefits of its illicit profits.
Two local lawmakers have asked a judge to pull the plug on a deal that leaves victims of a huge electricity price-fixing scheme out in the cold.
State Sen. Michael Gianaris and City Councilman Peter Vallone Jr., both Queens Democrats, wrote Manhattan federal Judge William Pauley asking him to order Morgan Stanley to refund millions of dollars to Con Ed customers.
A new program that will be administered by the New York State Energy Research and Development Authority (NYSERDA) will go into effect on January 30th and will provide an opportunity for homeowners to finance energy-efficent home improvements through their monthly power bills.
Frustrated Viewers Pay While Contract Fights FesterState Senator Patty Ritchie is calling for a public hearing into the growing incidences of TV blackouts--like the ongoing disputes that have yanked New York Rangers and Buffalo Sabres hockey games, and popular programs like "Bachelor" and "Grey’s Anatomy" off some local airwaves--saying consumers are being denied services they are paying for.Senator Ritchie has written to the Chair of the Senate’s Energy and Telecommunications Committee, Niagara Falls-area Sen. George D.
Governor Andrew M. Cuomo today unveiled his 2012-13 Executive Budget and Reform Plan, which expands on the historic reforms enacted last year to continue building a New New York. As a result of the tough decisions and bipartisan cooperation of the past year, the State is able to close the current deficit without broad cuts, new taxes, fees or gimmicks. In addition, the Governor’s Executive Budget proposes major reforms to reduce the cost of government for taxpayers, implements accountability in our schools to put students first, and puts the State in a position to leverage billions of dollars in private sector investment to grow the economy and create jobs.
Queens, NY – Continuing their efforts to protect energy ratepayers, Senator Michael Gianaris and Council Member Peter F. Vallone, Jr. are pushing a federal judge to reject the proposed settlement for an illegal price-fixing case involving Morgan Stanley and two western Queens power plants that caused ratepayers to lose nearly $300 million in two years.
Senator George Maziarz (R-C, Newfane) praised legislation (S.5917-A) approved in Albany yesterday that would prohibit companies doing $20 million or more in business with Iran’s energy industry from entering or renewing state or local government contracts in New York.
As Chairman of the Senate Energy and Telecommunications Committee, Senator Maziarz co-sponsored the “Iran Divestment Act of 2012” and advocated strongly for its passage.
ALBANY – Senator David Carlucci (D-Rockland/Orange) today voted to hold the Iranian regime accountable by voting to pass the Iran Divestment Act of 2012 out of the New York State Senate. The bill (S.5917A), which was co-sponsored by Senator Carlucci, will bar entities that invest in Iran’s energy industry from receiving state contracts here in New York.