PUBLIC INFORMATION FORUMS AND PUBLIC STATEMENT HEARINGS CONCERNING MANAGEMENT AND OPERATIONS AUDIT OF LIPA

The New York State Department of Public Service will hold public information forums and public statement hearings concerning a management and operations audit of the Long Island Power Authority that will be performed within the next 18 months.  On February 1, 2012, Governor Cuomo signed into law the Long Island Power Authority Oversight and Accountability Act (The Act).  The Act requires a review and evaluation of the Authority's overall operations and management practices that includes, among other things, an examination of overall efficiency, construction and capital program planning, the Fuel and Purchased Power Cost Adjustment, the annual budgeting process, debt service obligations and the Authority's compliance with its debt covenants.

Interested members of the public are invited to attend the public information forums to learn about the management and operations audit process from the Staff of the Department of Public Service.  Following each forum, members of the public may provide their comments concerning the Long Island Power Authority and the upcoming management and operations audit at a public statement hearing.  The information sessions and public statement hearings will be held as follows:

Wednesday, March 7, 2012

Mineola

Nassau County Legislative Building

1st Floor, Legislative Chamber

1550 Franklin Avenue

1:00 pm - 1:45 pm       Public Information Forum

2:00 pm                       Public Statement Hearing

6:30 pm - 7:15 pm       Public Information Forum

7:30 pm                       Public Statement Hearing

Thursday; March 8, 2012

Brentwood

Suffolk County Community College

Grant Campus - Health, Sports & Education Center

Lecture Hall MD 105

502 Wicks Road

1:00 pm - 1:45 pm     Public Information Forum

2:00 pm                     Public Statement Hearing

6:30 pm - 7:15 pm     Public Information Forum

7:30 pm                     Public Statement Hearing