48° Good Morning
48° Good Morning
Long Island

Cuomo set to appoint new LIPA board members

Gov. Andrew M. Cuomo said that though the

Gov. Andrew M. Cuomo said that though the state faces a $1.7 billion deficit by the March 31 end of the fiscal year, he contends there will be a surplus "in essence" if he holds the line on spending for the next few months. (Dec. 3, 2013) Credit: Getty Images

Gov. Andrew M. Cuomo this week is set to appoint five members to a new LIPA board of trustees.

Under Cuomo's reform bill signed into law this summer, the current 15-member board will be abolished by year end and replaced by a nine-member one to take over in January. That's when PSEG-Long Island starts management of the Long Island Power Authority's electric grid.

Cuomo appoints five of the nine board members, including its chairman. The State Senate and Assembly leaders each select two. LIPA board member Neal Lewis and chairman Larry Waldman have resigned. A Cuomo administration source familiar with the process said as many as three current board members are expected to be reappointed by legislative leaders.

According to the source, the five members are:

Thomas J. McAtee Jr., a former health care executive and deputy Suffolk County executive. He is executive vice president of the Suffolk Transportation Service, a school bus and public transit services company in Bay Shore;

Mark Fischl, senior managing director for Hunt Corporate Services, a corporate real estate firm in Plainview;

Ralph Suozzi, the Democratic mayor of the City of Glen Cove who in November lost a re-election bid for his fifth term. Suozzi has worked as a human resources and training director at CBS and American Express.

Sheldon L. Cohen, senior managing director for CBRE Inc. a Dallas-based real estate services company with offices in Uniondale;

Elkan Abramowitz, a partner at Morvillo Abramowitz, a Manhattan-based law firm specializing in civil and criminal work.

The LIPA reform law requires new board members to be appointed by Dec. 1. All new trustees must be residents of the LIPA service territory and have relevant utility, corporate board or financial experience. Trustees, who are not paid, serve terms from two to four years.

Latest Long Island News