Issues: Energy

Local pols reject Morgan Stanley price fixing settlement

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.

January 23, 2012
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A slap on the wrist for illegal millions?

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).

January 20, 2012
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Pols’ power play

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.

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January 20, 2012
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Senator Farley Announces New Residential Energy Finance Program to Begin Jan. 30th

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.

January 18, 2012
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RITCHIE WANTS HEARING ON TV BLACKOUTS

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.

January 18, 2012
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Governor Cuomo's 2012 Executive Budget and Reform Plan Outlines Vision to Continue Building a New New York

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.

January 17, 2012
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TV 'BLACKOUT' COVERAGE

Watch Ch. 5's Jim Kenyon report on my call for a public hearing into recent TV "blackouts" that are denying viewers access to sports and other programming. You can read more about my efforts here.

January 17, 2012
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ASTORIA LEADERS FIGHT TO PROTECT RATEPAYERS

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.

January 17, 2012
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January 15, 2012
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Senate Confirms Gil Quiniones as President/CEO of NYPA

On Monday, January 9th, the New York State Senate unanimously confirmed Gil Quiniones as President and CEO of the New York Power Authority.

Quiniones previously served as acting president and CEO of the New York Power Authority, the nation's largest state electric utility. He was the chief operating officer since June 2008.

January 10, 2012
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Iran Divestment Act approved in State Legislature

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.

January 10, 2012
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SENATOR CARLUCCI VOTES FOR PASSAGE OF THE IRAN DIVESTMENT ACT OF 2012

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. 

January 9, 2012
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Senate confirms Gil Quiniones to lead New York Power Authority

Today the New York State Senate unanimously confirmed Gil Quiniones to be the President and Chief Executive Officer of the New York Power Authority.

January 9, 2012
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QUINIONES CONFIRMED AS NYPA PRESIDENT

 Ritchie Hails Governor’s Choice for Power Agency

January 9, 2012
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Senator Adams in Session at the Committee on Energy and Telecommunications Meeting

Senator Adams in Session at the Committee on Energy and Telecommunications Meeting

January 9, 2012
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Committee Meeting: Energy and Telecommunications Meeting

Senate Standing Committee on Energy and Telecommunications Senator George D. Maziarz, Chair 10:00 AM, Monday, January 9, 2012 Room 124 CAP

January 9, 10:00 AM - 10:45 AM
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Statement From Senator Patrick M. Gallivan on the Governor’s State of the State Address

Senator Patrick M. Gallivan (R,C,I - 59th District) was selected by his Senate colleagues today to give official notification to Governor Andrew M. Cuomo that the Senate is standing at ready to conduct its business for 2012. Gallivan notified the Governor prior to the annual State of the State address this afternoon, which Gallivan applauded for “its strong vision for New York State’s future” while stressing the importance of building upon the cooperation and collegiality that enabled last year’s progress.

January 4, 2012
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State of the State 2012: Senator Kennedy Applauds $1 Billion Commitment to WNY

Praises Governor Cuomo for his Determined Efforts to Grow our Regional and Statewide Economy, as Outlined in State of the State Address

ALBANY, N.Y. – Senator Timothy M. Kennedy, D-58th District, applauded the $1 billion investment in Western New York – which Governor Andrew Cuomo announced Wednesday in his 2012 State of the State address. While it was the brightest highlight of the speech for Western New York, the Governor also discussed his comprehensive statewide agenda for 2012.

January 4, 2012
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