DiNapoli OKs LIPA grid contract with PSEG

State Comptroller Thomas P. DiNapoli on Tuesday released

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State Comptroller Thomas P. DiNapoli on Tuesday released his analysis of the executive budget for the 2015-16 fiscal year, which Cuomo proposed to the Legislature in January. Above, DiNapoli on March 14, 2012. (Credit: Newsday / Audrey C. Tiernan)

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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