It sure looks like LIPA is under the impression that National Grid, like a spurned lover who won’t take no for an answer, may try to undo the competitive process that resulted in PSEG getting the contract and may try to simply buy its way back into the Long Island market by buying up PSEG. Of course that poison pill will also apply if anyone else tries to buy PSEG LI. It is pretty clear that what LIPA contracted for and what LIPA wants is the superior customer satisfaction that PSEG’s management practices have produced in other markets.
|By: Cynthia Kouril Friday March 15, 2013 5:47 am|
|By: Gregg Levine Tuesday November 27, 2012 6:50 am|
As the sun set on Veterans Day, 2012, tens of thousands of homes on New York’s Long Island prepared to spend another night in darkness. The lack of light was not part of any particular memorial or observance; instead, it was the noisome and needless culmination of decades of mismanagement and malfeasance by a power company still struggling to pay for a now-moldering nuclear plant that never provided a single usable kilowatt to the region’s utility customers.