Are PSEG and National Grid the same?
The Long Island Power Authority at its Thursday board meeting selected a partnership between a New Jersey-based power company and Lockheed Martin to operate the electric grid and provide a wide range of services starting in 2014.
Is National Grid a LIPA?
— The Long Island Power Authority (LIPA) and National Grid announced that they have agreed to a new Power Supply Agreement (PSA) for the purchase of up to 3,700 megawatts (MW) of generation produced by National Grid-owned generating facilities, on improved terms and conditions (the Agreement).
Who owns PSEG NJ?
Public Service Enterprise GroupPublic Service Enterprise Group has three operating subsidiaries: Public Service Electric and Gas (PSE&G) PSEG Long Island....Operations.80 Park PlazaOwnerPublic Service Enterprise GroupHeightRoof110 m (360 ft)Technical details8 more rows
What does PSEG stand for?
Public Service Electric & Gas CompanyPublic Service Electric & Gas Company (PSE&G) PSE&G is one of the largest combined electric and gas companies in the United States and is also New Jersey's oldest and largest publicly owned utility.
Who bought LIPA?
Public Service Enterprise GroupSince January 1, 2014, LIPA has contracted with New Jersey-based Public Service Enterprise Group to operate LIPA's electric infrastructure on LIPA's behalf for a period of 12 years....Long Island Power Authority.TypeGovernment-owned corporationRevenue$3.6 billionOwnerState of New York (day-to-day operations contracted to PSEG Long Island)8 more rows
Is PSEG gas or electric on Long Island?
(PSE&G) is New Jersey's largest provider of electric and natural gas service – serving 2.3 million electric customers and 1.9 million gas customers. PSEG Long Island, operates the electric transmission and distribution system of the Long Island Power Authority, with 1.1 million customers.
Does Exelon own PSEG?
PSEG shareholders will own 32% of the combined company and Exelon shareholders will own the remaining 68% of the new firm, which will have estimated revenue annually of $27 billion on assets of $70 billion. A regulatory review of the deal is expected to last at least a year.
Is PSEG in Florida?
PSEG Jacksonville Solar is a 15-megawatt facility consisting of 200,000 ground mounted solar panels situated on 100 acres in Jacksonville, Florida.
What does PSEG Long Island do?
Power to Feed Long Island 2022 PSEG Long will be teaming up with Island Harvest and local summer camps to help families facing food insecurity across Long Island and the Rockaways. Also joining us this year to enhance the program further is Long Island Cares.
Is PSEG a federal agency?
Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company.
Where can I pay my PSEG bill in person?
Nearest LocationsBayonne. 608 Broadway Bayonne, NJ 07002.Burlington. 501 High Street Burlington, NJ 08016.Camden. 2 Riverside Drive (One Port Center) Suite 110 Camden, NJ 08103.Elizabeth. 550 N. ... Hackensack. 214 Hudson Street Hackensack, NJ 07601.Hoboken. 615 Washington Street Hoboken, NJ 07030.Jersey City. ... Newark.More items...
Where is PSEG corporate headquarters?
Newark, NJPublic Service Enterprise Group / HeadquartersThe PSEG Family of Companies (PSEG) is a diversified energy company headquartered in Newark, N.J. Established in 1903, the company has long had a key role in fueling New Jersey's economy and supporting the state's quality of life.
Who founded PSEG?
Thomas McCarterOur founder, Thomas McCarter, was part of the influential McCarter family and instrumental in the early growth of Newark as New Jersey's largest city.
Is PSEG regulated?
PSE&G is regulated by several federal and state entities, the two most significant to investors are the New Jersey Board of Public Utilities (NJBPU) and the Federal Energy Regulatory Commission (FERC). FERC also regulates the regional power markets in which PSEG Power operates.
How does PSEG make electricity?
The company's total generation in 2019 was 56.8 TWh: 56% was produced by gas, 34% nuclear, 3% coal, 5% oil, and 2% pumped storage. In total, PSEG Power's non-nuclear fleet includes more than 6,750 MW of fossil generation in New Jersey, Connecticut, New York, and Maryland.
Who provides gas in NJ?
New Jersey ResourcesNew Jersey Natural Gas (NJNG) is wholly owned by New Jersey Resources, which provides energy services to customers ranging from the Gulf Coast to Canada. New Jersey Natural Gas serves 486,000 customers in the counties of Burlington, Middlesex, Monmouth, Morris and Ocean.
What is a LIPA?
Long Island Power Authority ( LIPA, "lie-pah" or “lie-per”) is a municipal subdivision of the State of New York that owns the electric transmission and electric distribution system serving all Long Island and a portion of New York City known as the Rockaways . LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natural gas infrastructure after the cancellation of the Shoreham Nuclear Power Plant. LIPA acquired LILCO's transmission system in May 1998, while the remainder of LILCO's natural gas-related infrastructure merged with Brooklyn Union Gas to form KeySpan Energy .
How many megawatts does LIPA have?
LIPA is listed as the "Owner, Operator and/or Billing Organization" for 27 different electric power generation facilities located on Long Island in the 2018 NYISO Gold Book, for a total of about 5,048- megawatts (MW) of nameplate capacity.
What is the LIPA reform act?
The 2013 LIPA Reform Act has been criticized by the New York State Comptroller for having contributed to a more expensive and less transparent retail electric service provider in LIPA. The comptroller noted that LIPA's debts have risen since its passage and in the case of transparency, noted that PSEG-LI requested three-quarters of rate case plan documents to be kept confidential, even with the New York State Public Service Commission's enhanced review power. The report from the comptroller's office also noted that the new New York State Public Service Commission's Long Island office is costing Long Island rate payers $8 million a year. A bill was introduced in 2016 that would enhance rate setting abilities by the New York State Public Service Commission. It would have also lifted a provision from state law that disallows LIPA from buying cheap hydroelectric energy directly from the New York Power Authority - see the Green Island Power Authority for comparison. A news article stated that the Governor's office was reviewing the bill.
When did LIPA take over the electric grid?
Hurricane Sandy. On December 15, 2011, LIPA selected Public Service Enterprise Group of New Jersey, the largest electric utility of that state, to take over management and operation of the electric grid from National Grid, starting in January 2014.
When did Cuomo call for the transfer of operations of LIPA?
On January 9, 2013, Governor Cuomo called for the transfer of operations of LIPA in his State of the State speech. Even though the governor appoints five of the nine trustees to serve on the LIPA Board, he cited LIPA's inability to quickly recover from Hurricane Sandy among other incidents.
When was LIPA created?
LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natural gas infrastructure after the cancellation of the Shoreham Nuclear Power Plant. LIPA acquired LILCO's transmission system in May 1998, while the remainder of LILCO's natural gas-related infrastructure merged ...
Who is the CEO of LIPA?
The LIPA management team is headed by Tom Falcone who was appointed CEO in March 2016. Ralph V. Suozzi is the chairman of LIPA's Board of Trustees, and was appointed by Governor Andrew Cuomo. In 2017, LIPA had operating expenses of $3.214 billion, an outstanding debt of $3.574 billion, and a level of staffing of 54 people.
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Overview
Long Island Power Authority (LIPA, "lie-pah") is a municipal subdivision of the State of New York that owns the electric transmission and electric distribution system serving all of Long Island and a portion of New York City known as the Rockaways. LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natur…
Organization
LIPA's policy is guided by a 9-member board of trustees. The LIPA management team is headed by Tom Falcone who was appointed CEO in March 2016. Ralph V. Suozzi is the chairman of LIPA's Board of Trustees, appointed by Governor Andrew Cuomo. In 2017, LIPA had operating expenses of $3.214 billion, an outstanding debt of $3.574 billion, and a level of staffing of 54 people. Although Public Service Law Section 3-b grants the New York State Public Service Com…
Facilities
LIPA owns electric transmission and distribution lines with the following voltages:
• Transmission: 345-kilovolts (kV) and 138-kV
• Distribution: 69-kV, 33-kV, 23-kV, 13.2-kV and 4.16-kV
Power vendors
LIPA does not own or operate any generation plants or retail natural gas assets on Long Island, although many generation plants are under contract to LIPA to meet its power supply needs. The following table lists generating resources in NYISO Region K, corresponding to Long Island, with nonzero net energy generated in 2020:
For comparison, Long Island had a peak electric demand of 4,972 MW and New York State had …
Utility Debt Securitization Authority
The Utility Debt Securitization Authority is a separate New York State public-benefit corporation run by a governor-appointed board of trustees that is responsible for LIPA's financial reporting. In 2017, it had operating expenses of $122.2 million, an outstanding debt of $4.262 billion, and a level of staffing of 3 people.
Controversy
On December 15, 2011, LIPA selected Public Service Enterprise Group of New Jersey, the largest electric utility of that state, to take over management and operation of the electric grid from National Grid, starting in January 2014.
In 2012 and 2013, LIPA and National Grid caught much media criticism in their response to Hurricane Sandy. As a result, key people at LIPA resigned including Michael Hervey, COO of LI…
See also
• Green Island Power Authority
• Indian Point Energy Center
• Long Island Lighting Company
• Nassau Interim Finance Authority