A commission appointed by Governor Andrew Cuomo today recommended New York State privatize the Long Island Power Authority, the state-run utility that performed abysmally following Hurricane Sandy, but what will that mean for ratepayers?
"The costs of privatization...are significant and none of these things are going to come about without a probable increase in rates," said Michael Fragin, who served on the LIPA board of trustees' finance committee through 2011.
After years of toiling in the shadow of Chuck Schumer and Andrew Cuomo, two notoriously press-hungry bosses, Lawsky was, rather suddenly, the subject of a flurry of profiles in the business press, which tried to determine exactly who he was and why he was suddenly breaking with federal regulators in Washington to launch his own action.
From his kitchen table in Westchester County, Governor Andrew Cuomo hosted his first online chat this morning on the new website CitizensConnect.
The process was a little clunky. Cuomo has been soliciting questions since he launched the site on Thursday morning, and the page sorted them in the order they were received, not the order he chose to answer them. So when he took a question from the last few days, it popped up at the top of the site, while the ones submitted this morning were at the bottom, leaving Cuomo's welcome message somewhere in the middle of the page.(1)