Cuomo Decries LIPA Monopoly Amid Post-Sandy Power Outages

Law360, New York (November 8, 2012, 6:34 PM EST) -- New York Gov. Andrew Cuomo launched his most blistering attack yet against the Long Island Power Authority on Thursday, suggesting the utility, which has 184,000 customers still in the dark in Nassau and Suffolk counties 10 days after Hurricane Sandy, might need to be broken up.

The $12 billion Uniondale-based LIPA, which took in $3.7 billion in revenue in 2011 and charges some of the highest rates for power in the U.S., failed its customers anew after failing them in prior storms, said the Democratic governor...
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