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LIPA’s Power Play
The Long Island Power Authority (LIPA) has offered Connecticut officials
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Business New Haven
5/12/2003
By: BNH
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HARTFORD - The Long Island Power Authority (LIPA) has offered Connecticut officials a deal for cheap electricity if the state allows the controversial Cross-Sound cable to begin carrying power.
LIPA, which bought the line's capacity for 20 years, would provide the state with electricity at discounted rates to reduce congestion charges, an action the Cross-Sound Cable Co. says would save ratepayers millions of dollars a year. In return, the state would give the go-ahead to operate the 24-mile line from New Haven to Shoreham, N.Y. The line can't operate now because Cross-Sound failed to bury it to the required depth along several hundred feet of New Haven Harbor.
Connecticut officials "have an obligation to the taxpayers and the ratepayers to try to ensure that their energy economy does well," said Jeffrey A. Donahue, CEO of Cross-Sound Cable Co., in a published report. "We think that the use of a cable that is currently installed and has no environmental impact is a smart move." The May 8 proposal came less than a day after the state senate voted to extend the state's moratorium on new utility lines in Long Island Sound another year. If the bill becomes law, it would virtually guarantee that the Cross-Sound cable wouldn't operate until the fall of 2004 at the earliest.
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