PSEG Long Island Awarded 10-year Contract to Manage LIPA Electric Utility System
PSEG Long Island LLC, a subsidiary of Public Service Enterprise Group Incorporated (NYSE: PEG), today was selected by the Long Island Power Authority to manage LIPA's electric transmission and distribution system. The contract includes targets to improve customer satisfaction and provide safe and reliable service for 1.1 million LIPA customers.
PSEG Long Island was one of three finalists considered for the LIPA management services contract, which will begin Jan. 1, 2014 after a two-year transition period and run for 10 years.
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