Legislation penned by local state legislators this week, one that provides greater regulation of the Long Island Power Authority and the other that would lower rates for boating liability insurance, passed both houses of the State Legislature and are awaiting action by Governor Andrew Cuomo.
Assemblyman Fred W. Thiele, Jr. on Friday announced that his legislation to provide for greater regulation of the Long Island Power Authority by the Public Service Commission has passed both the Assembly and State Senate. The bill was carried in the Senate by Senator Jim Gaughran and is now awaiting delivery to the governor for final consideration.
According to a release from Mr. Thiele’s office, all service providers who contract with LIPA are required by statute to undergo a comprehensive and regular management and operations audit at least every five years. The audit is contracted by, and issued to, the Public Service Commission. However, the release notes, the Public Service Commission does not have the authority to require that LIPA and the utility take steps to implement any of the recommendations contained in the audit [more]
