Long Island Power Authority · Uniondale, NY United States
Company Description
Phone: 516-222-7700
Fax: 516-222-9137
View Long Island Power Authority Locations On A US Map
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This link will open in a new window The long and short of it is that Long Island Power Authority (LIPA) owns the electric transmission and distribution system on Long Island that delivers power to more than 1.1 million retail customers. The company's network, which is managed and operated by KeySpan , consists of nearly 14,000 miles of overhead and underground lines. LIPA offers energy conservation products and services, as well as incentive programs to encourage customers to purchase energy from "green" (environmentally friendly) power generation sources. LIPA is a municipally owned, not-for-profit utility company. To read the full description, subscribe now.
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Key Long Island Power Authority Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| Employees | 100 |
Long Island Power Authority Executives
8 executives listed for Long Island Power Authority's Uniondale, NY location.
| Title | Name & Bio | Contact |
| Acting Chairman | Howard Steinberg | Network |
| President and CEO | Kevin Law | Network |
| VP Operations | Michael Hervey | Network |
Competition
Competitive Landscape for Long Island Power Authority
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Long Island Power Authority Competitors
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