Charles J. Fuschillo Jr.'s posts related to Electricity

SENATOR FUSCHILLO ANNOUNCES NEW LAW TO RESTRUCTURE UTILITY OPERATIONS ON LONG ISLAND

Privatized Utility System Will Focus on High Performance under Strengthened State Oversight

     Senator Charles J. Fuschillo, Jr. (R-Merrick) recently announced that legislation he supported that dramatically revamps the electric utility on Long Island has been signed into law by Governor Cuomo. The legislation privatizes utility operations on Long Island, improves customer service, including stabilizing rates and enhancing emergency response and preparation; reduces the cost of Long Island Power Authority (LIPA) debt; and implements tough state oversight for the new utility company. It also achieves savings to allow the new utility to seek a rate freeze for 2013, 2014 and 2015.

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