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DiNapoli OKs LIPA grid contract with PSEG

State Comptroller Thomas P. DiNapoli (March 14, 2012)

Photo credit: Newsday/Audrey C. Tiernan | State Comptroller Thomas P. DiNapoli (March 14, 2012)

State Comptroller Thomas DiNapoli Wednesday approved the Long Island Power Authority's $3.9 billion contract with PSEG to manage the regional electric grid, at the same time urging LIPA to "accelerate" a plan to achieve a top customer service rating within five years.

Separately, LIPA said it will cut bills another 0.8 percent next month as natural gas prices fall -- a reduction that will...

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