12 Mar 2013

Has the Decision Already Been Made to Sell Long Island Power Authority’s T & D System to National Grid?

Instead of the facts leading to a conclusion, could there be a foregone conclusion in search of some facts to support it?

8
11 Mar 2013

The Tale of Three Non-Transparent Investigations Into LIPA

Currently there are three investigations going on into the future of Long Island Power Authority (LIPA). The first is the Moreland Commission investigation, which caused quite a bit of controversy when it recommended selling all of LIPA’s assets, the electrical transmission, and in how public bond debt would be paid for, or how a privately held utility could afford cost of capital if it had to borrow at 10.7% instead of the 5% that LIPA’s bonds currently enjoyed. Crain.s New York Business and Bloomberg Newsweek predicted that this would lead to a 20% hike in costs to customers.

0
11 Mar 2013

The Tale of Three Non-Transparent Investigations Into LIPA

Author’s note: This post, and the post to follow tomorrow, would not have been possible without the hard work and talent of our own Kelly Canfield who excerpted all the video clips from hours and hours of committee hearing testimony. I owe him a huge debt of gratitude.  Currently there

7
27 Jan 2013

About Privatizing Long Island Power Authority- Part II

New York State just struggled to close $1Billion budget gap. Where in hell is it going to get another $4-5 billion to bail out LIPA?

0
27 Jan 2013

About Privatizing Long Island Power Authority- Part II

In his State of  the State speech, Governor Andrew Cuomo advocated taking Long Island Power Authority (LIPA) private. This is fascinating since LIPA was created to bailout private LILCO. LIPA owns most of LILCO’s former assets and has issued debt in the form of government bonds to the tune of over

16
12 Jan 2013

So what’s up with this LIPA privatization idea? Part One

The history of how LIPA got to where it is today.

In a 10+ year construction project that was originally estimated at $75 million, but ultimately cost $2 billion, LILCO (Long Island Lighting Company) built the Shoreham Nuclear Power Plant. It was completed in 1984. In 1983, the Legislature in Suffolk County, where the plant was located, voted not to allow the plant to come online because there was no safe way to evacuate Long Islanders in the event of a meltdown or other serious event. Other municipal entities throughout Long Island followed suit.

0
12 Jan 2013

So what’s up with this LIPA privatization idea? Part One

The history of how LIPA got to where it is today.

18
02 Jan 2013

Congress Vacations While Sandy Victims Freeze

People in New York and New Jersey are huddled in the cold and dark and apparently the US Congress cannot manage to vote for Superstorm Sandy relief before they go on their vacations.

0
02 Jan 2013

Congress Vacations While Sandy Victims Freeze

People in New York and New Jersey are huddled in the cold and dark and apparently the US Congress cannot manage to vote for Superstorm Sandy relief before they go on their vacations.

38
26 Dec 2012

Charles Durning – Regular New Yorker

Just as security was trying to throw us out, Morgan Freeman came out to say hello to Durning, so we got to stay, and then all the rest of the cast trickled out. By that point we were all pretty crocked and Durning tried to pass us off as his nieces.

Really nice, down to earth, fun guy, and a really great night.

0