Newsday - Study sees benefits to selling LIPA to investors instead of going fully public

Powerlines along Ruland Road in Melville, Tuesday, Feb. 13, 2020. LIPA Long Island Power Authority National Grid. LIPA could save customers nearly a billion dollars in costs over a decade if it were to municipalize by 2022, a new report says. Credit: Newsday/Steve Pfost

By Mark Harrington
Updated February 16, 2023

As a state legislative committee works to finalize a plan to transition LIPA to a fully public utility, an investment banking firm working with the Long Island Association has issued a study that examines "dissolving" LIPA and selling its assets to an investor-owned company.

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