Long Island Power Authority

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Long Island Power Authority

Type	Public
Founded	1985
Founder	New York State: Long Island Power Act of 1985
Headquarters	Uniondale, New York, United States Long Island, NY, USA
Area served	Nassau, Suffolk and Queens Counties, on Long Island, New York
Key people	Kevin Law, CEO and President James L. Larocca, Chairman
Industry	Energy industry
Services	Electricity
Revenue	$3,664,976,000 (2006)
Operating income	$364,231,000 (2006)
Net income	$118,170,000 (2006)
Owner	New York State
Website	www.lipower.org

The Long Island Power Authority or LIPA [ "lie-pah" ], a municipal subdivision of the State of New York, was created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s assets and securities. A second Long Island Power Authority (LIPA), a wholly owned subsidiary of the first, acquired LILCO's transmission and distribution system in May 1998.

LIPA, a non-profit municipal electric utility, owns the retail electric system on Long Island and provides electric service to over 1.1 million customers in Nassau and Suffolk counties, and the Rockaway Peninsula in Queens. LIPA does not own any electric generation assets on Long Island, and it does not provide natural gas service.

On January 24, 2007 Governor Eliot Spitzer announced that Kevin Law would replace Richard Kessel as Chairman of LIPA until the fall when a new Chairman would be named and Mr. Law would become Chief Executive Officer of LIPA. On October 8, 2007 Mr. Law took over as President and CEO.