Long Island Lighting Company
|
"We're working harder to Serve you better, We're Lilco." | |
| Industry | Electric Utility |
|---|---|
| Fate | Purchased by LIPA |
| Successor | Long Island Power Authority |
| Founded | Long Island, New York (1911) by Ellis Laurimore Phillips & George W. Olmsted |
| Defunct | 1998 |
| Headquarters | Hicksville, New York, United States of America[1] |
Key people |
W. J. Catacosinos, Chairman & CEO, J. T. Flynn, President & COO, A. Nozzolillo, Sr. VP-Finance & CFO, T. A. Babcock, Treasurer, K. A. Marion, Corporate Secretary |
| Products | Electrical & natural gas utility[1] in Nassau, Suffolk and Queens Counties, on Long Island, New York[1] |
The Long Island Lighting Company, or LILCO [ "lil-co" ], was an electrical power company and natural gas utility for the communities of Long Island, New York, serving 2.7 million people in Nassau, Suffolk and Queens Counties.[1]
LILCO was the original power utility for Long Island from 1911 until 1998. It was founded by Ellis Laurimore Phillips, an engineer, and a group of New York City investors, including George W. Olmsted,[2] when they purchased four small electric companies in Amityville, Islip, Northport and Sayville.[3]
LILCO built the Shoreham Nuclear Power Plant. In the end, in a political decision, the plant operated only briefly and then was closed down and bought by the Long Island Power Authority (LIPA), a public authority.
Hurricane Gloria hit Long Island on September 27, 1985, but power was not fully restored until October 8. The bitterness from the delays in restoring power helped bring down the Shoreham Plant and eventually helped force the sale of the company.[3]
On March 5, 1998, final Federal approval was received for LIPA to take over LILCO. The deal was completed later that year.
See also
References
- ↑ 1.0 1.1 1.2 1.3 Company profile at Business.com
- ↑ "Long Island Lighting Co. Mortgage," New York Times (1857-Current file); 4 June 1911, pg. XX7; ProQuest Historical Newspapers The New York Times (1851 - 2003). Retrieved 30 March 2007.
- ↑ 3.0 3.1 Long Island Our Story, New York Newsday