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Private Plan for LIPA Eyed, But Should it Stay Public?

Report says one plan would see much of the utility sold to a private company.

Officials who are scrutinizing the future of the Long Island Power Authority are considering selling off much of LIPA's assets to a private company as one way to reshape the hamstrung utility.

According to a Newsday report, officials in Gov. Andrew Cuomo's administration are working with investment bank Lazard Ltd on several plans, which include privatization.

Click here to read the report.

Planning related to LIPA restructuring is wrapped in with the governor's Moreland Commission, which in addition to probing how state utilities performed in the wake of Superstorm Sandy, is charged with making recommendations for reforming the area's electric distribution companies.

LIPA has taken the brunt of that attention after communication failings in the storm's immediate aftermath, leadership exits and power restoration lengths that fell short of other metro-area utilities that faced similar devastation eroded public opinion of the utility.

But as officials debate LIPA's future, we'd love your comments. Should LIPA be privatized, remain a public utility or be dissolved altogether? Let us know in the comments section below..

emil March 04, 2013 at 01:36 AM
We are all screwed the only way out would be to break up the company into four parts and give the people the opption of who to buy power from. You want to see rates go down that is the way to do it. P.S. Shoreham was doomed from the start, lack of construction inspections and what not steel inside concrete rusting and cracking the concrete. Poor workmanship. Just thank God or who ever you believe in that it never oppened
paul March 04, 2013 at 04:29 AM
To emil: You stated: "and give the people the option of who to buy power from" REAL BAD MOVE.... I guess you do not remember the telephone company split ordered by Judge Green. It was one of the worst things to happen.. The splitting of the electric company would not be a good thing... Read on: http://en.wikipedia.org/wiki/Breakup_of_AT%26T
inwood queens Resident March 04, 2013 at 12:30 PM
The problem is we the public as owners of the infrastructure (wires, poles, transformers and power stations) have never forced lipa to do what they are suppose to do. That is upgrade and maintain our infrastructure. A few summers ago we had the big black out this was the first signs of neglect. If you asked any of the Quebeck Hydro Power workers that came and helped after the storm. You would have gotten the same answer I got and that is this would have never happened if the equipment was upgraded and maintained. All that removing LiPA or National grid will do is change the name of where we send our money each month. Without changing contract to include penalties for failure to upgrade and maintain our electrical infrastructure the power short falls will continue. They continue to blame Sandy the storm of the century for the damage but even in area where there was no flooding or tree damage power restoration took two weeks because of old transformers. Traffic signals and street light out for weeks while homes in affluent neighborhoods recieved priority service. Neighborhoods like FarRockaway with higher populations but lower incomes pushed to the back of the line. We all pay a set rate for electic someone's financial standing should not effect repair priority. LiPA failed in many ways by playing favorites and folding to political pressure the caused more problems. If they concentrated on repairing electrical service to traffic signals and commercial areas
inwood queens Resident March 04, 2013 at 12:36 PM
Like gas stations and super markets we would have rebounded a little faster. We need to have who ever takes over start upgrading and replacing from day one. Weather proofing the supply and moving outward from there installing redundant systems that are earlier brought online in case of disaster.

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