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DiNapoli OKs LIPA grid contract with PSEG

State Comptroller Thomas P. DiNapoli on Tuesday released

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. Photo 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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