Long Island Power Authority
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| Type | Government-owned corporation |
|---|---|
| Founded | 1985 |
| Founder(s) | New York State: Long Island Power Act of 1985 |
| Headquarters | Uniondale, New York, United States |
| Area served | Nassau, Suffolk and Queens Counties, on Long Island, New York |
| Key people | Kevin Law, CEO and President Howard E. Steinberg , Acting Chairman |
| Industry | Energy industry |
| Services | Electricity |
| Revenue | $3,664,976,000 (2006) |
| Operating income | $364,231,000 (2006) |
| Net income | $118,170,000 (2006) |
| Owner(s) | New York State |
| Website | www.lipower.org |
The Long Island Power Authority or LIPA [ "lie-pah" ], a municipal subdivision of the State of New York, was created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s assets and securities. A second Long Island Power Authority (LIPA), a wholly owned subsidiary of the first, acquired LILCO's transmission and distribution system in May 1998.
LIPA, a non-profit municipal electric utility, owns the retail electric system on Long Island and provides electric service to over 1.1 million customers in Nassau and Suffolk counties, and the Rockaway Peninsula in Queens. LIPA does not own any electric generation assets on Long Island, and it does not provide natural gas service.
National Grid USA, previously Keyspan Energy, maintains LIPAs transmission and distribution system under a management services agreement.
LIPA's transmission voltages are 345,000, 138,000 and 69,000 volts, subtransmission voltages are 33,000 and 23,000 volts, and distribution voltages are 13,200 and 4,000 volts.
On January 24, 2007, then-Governor Eliot Spitzer announced that Kevin Law would replace Richard Kessel as Chairman of LIPA until the fall when a new Chairman would be named and Law would become Chief Executive Officer of LIPA.[1] On October 8, 2007, Law took over as President and CEO.
[edit] References
- ^ Rather, John. "New Governor, New Energy Czar", The New York Times, January 28, 2007. Accessed September 24, 2008.
