This is an ongoing, but quickly paced issue with new developments occurring everyday both from the FERC proceeding, the governors office and from the LIA board itself and other announcements.
The Village of Port Jefferson worked with Industrial Economics to study the economic impact of the potential loss of tax revenue from a decommissioned power plant. The study discusses impacts to local the Port Jefferson Village economy and real estate markets as well as to the Town of Brookhaven and the County of Suffolk. The […]
PJ Power Plant Resolution
More than a dozen LIPA ratepayers debated the wisdom of renewing a contract to use Long Island’s legacy power plants at a sometimes-spirited trustees meeting Tuesday that saw a protester’s sit-in and, in the end, approval of the 15-year pact.
Browse the frequently asked questions below. republished from lipower.org What is the Amended and Restated Power Supply agreement between Long Island Power Authority (LIPA) and National Grid? At the time of the LIPA/Long Island Lighting Company (LILCO) merger in 1998, LIPA entered into certain agreements with affiliates of National Grid (formerly KeySpan Corporation) which included, […]
The Village of Port Jefferson, New York told FERC yesterday that National Grid Generation’s answer to its complaint (RT, Aug-22) was full of “misapprehension and omissions of fact.” The village alleged National Grid Generation (Genco) was manipulating the market in the Long Island Power Authority’s (LIPA) territory by refusing to build new generation, thus keeping prices for its existing supply high.
Read entire article here. State Assemblyman Steve Englebright called the relationship between LIPA and National Grid “unbalanced” and said that the “unfavorable terms of the PSA are left over from a different era, an era of broken markets that supposedly ended with the advent of the current electricity markets.” “The relationship between National Grid and […]
Reprint below – to see the original letter on click here On July 30, 2012, the Incorporated Village of Port Jefferson filed a Complaint with the Federal Energy Regulatory Commission (Commission) against National Grid Generation LLC (National Grid), alleging that National Grid has manipulated the capacity and energy markets on Long Island. I am filing […]
Town of Brookhaven Town Board Submit Letter to Federal Energy Regulatory Commission supporting the FERC Complaint
Read the letter that the Brookhaven town board send to the Federal Energy Regulatory Commission supporting Port Jefferson’s FERC Complaint
National Grid today agreed to pay the state Public Service Commission nearly $1.7 million after the state Inspector General last month found that the company was doling out gifts to state employees.