Cuomo expected to announce LIPA privatization plan
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The Cuomo administration is expected to announce Wednesday a plan to privatize LIPA -- and senior administration officials said the blueprint calls for a three- to five-year rate freeze and new borrowing to pay the utility's debt.
The plan to sell the Long Island electric grid to a private utility, to be described during Gov. Andrew M. Cuomo's State of the State address about 1:30 p.m. in...