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Nearly three years in, Cuomo takes reins of NIFA and LIPA
It took a while, but Gov. Andrew M. Cuomo now has put his stamp on two major Long Island entities: the Long Island Power Authority and the Nassau Interim Finance Authority.
Cuomo took control of NIFA last week when he named Jon Kaiman to succeed Ronald Stack as chairman. Stack’s term had expired nine months ago, but he remained on board while Cuomo waited to act.
As things turned out, Cuomo waited to remake the LIPA board until after Superstorm Sandy hit New York, then moved to overhaul and downsize the utility.
Nearing the end of his third year in office, the Democrat has now seized political ownership of NIFA and LIPA – and the actions their boards take.