LIPOWER

As result of the LIPA Reform Act of 2013, the Authority utilizes a public-private partnership business model and contracts with PSEG Long Island, a subsidiary of Public Service Enterprise Group Incorporated, one of the nation's largest electric utilities, to operate LIPA's electric system under a 12-year contract. LIPA's public-private business model continues to deliver the advantages of public power to customers, including LIPA's not-for-profit status, access to low-cost financing, and dedication to Long Island and the Rockaways.