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.
Tariffs are the rates, terms and conditions of service set by utilities. Tariffs are reviewed and filed by the Public Service Commission, which keeps tariffs for New York-based electric, gas, water and telecommunication utilities. Stay up to date on LIPA's complete tariff for electric service as well as proposed and approved tariffs that could affect your service. If necessary, scroll down to accept. Electronic access to the documents located on this website has been authorized by the Long Island Power Authority.
The LIPA Board of Trustees aims to achieve excellence in governance in keeping with its important civic responsibility. That begins by defining the mission and values that determine how LIPA serves our community. The LIPA Board has approved several policies intended to clarify our role and responsibilities as fiduciaries, set appropriate governance priorities, and enhance our collective performance as the governing body for our local, publicly owned, not-for-profit electric utility. The Board will continue to review and enhance our policies and practices over time to ensure we achieve our mission of enabling clean, reliable and affordable electric service to our customers on Long Island and the Rockaways.
The Finance and Audi Committee oversees and makes recommendations on LIPA's budget, financial performance, investment and debt management, audits, financial reporting, risk management, and internal controls. The Oversight and Clean Energy Committee oversees the performance of LIPA's staff and PSEG Long Island to ensure that customers receive safe, reliable, efficient, clean, and affordable utility service. The Committee is responsible for monitoring the policies, principles, and recommendations being advanced pursuant to Climate Leadership and Community Protection Act (CLCPA), the Accelerated Renewable Energy Growth and Community Benefit Act (the Siting Act), other New York State clean energy policies, initiatives, laws, and directives, and PSEG Long Island's implementation of programs and initiatives to achieve such goals.
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