Long Island Power Authority

Long Island Power Authority

Infobox Company
name = Long Island Power Authority

type = Public
genre =
foundation = 1985
founder = New York State: Long Island Power Act of 1985
location_city = Uniondale, New York
location_country = United States
locations =
area_served = Nassau, Suffolk and Queens Counties, on Long Island, New York
key_people = Kevin Law, CEO and President James L. Larocca, Chairman
industry = Energy industry
products =
services = Electricity
revenue = $3,664,976,000 (2006)
operating_income = $364,231,000 (2006)
net_income = $118,170,000 (2006)
owner = New York State
num_employees =
parent =
divisions =
subsid =
homepage = [http://www.lipower.org www.lipower.org]
footnotes =
intl =

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.

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. [Rather, John. [http://www.nytimes.com/2007/01/28/nyregion/nyregionspecial2/28lilipa.htm "New Governor, New Energy Czar"] , "The New York Times", January 28, 2007. Accessed September 24, 2008.] On October 8, 2007, Law took over as President and CEO.

References

ee also

* Long Island Lighting Company
* Shoreham Nuclear Power Plant
* Northport Power Station


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