LIPA (Long Island Power Authority)

This document details the New York State Department of Public Service's recommendations concerning the Long Island Power Authority's (LIPA) 2026 Performance Metrics for PSEG Long Island. These 58 metrics are categorized into five scope functions: Transmission and Distribution; Power Supply & Clean Energy Programs; Business Services; Customer Services; and Information Technology. The overarching goals are to enhance operational efficiency, improve customer satisfaction, ensure system reliability, promote workplace safety, and advance New York State's clean energy objectives, including electric vehicle adoption and building electrification, while also focusing on IT system resiliency and cost-effectiveness.

The Long Island Power Authority's Fiscal Sustainability Policy aims to ensure clean, reliable, and affordable energy by prudently managing assets and minimizing long-term costs to customers. Key strategic priorities include decreasing leverage and the cost of capital by targeting a 70% debt-to-asset ratio by 2030, maximizing grants, pre-funding long-term liabilities, and maintaining strong fixed obligation coverage. The policy also focuses on maintaining robust cash and available credit reserves for emergencies, developing cost-effective budgets that maximize customer value, providing transparent financial reporting, and minimizing coverage needs through effective reconciliation mechanisms.

This document outlines the Long Island Power Authority's 2025 internal project close-out and the 2026 internal project workplan, detailing how the Authority advances its strategic direction. Key focus areas include strengthening reliability and resiliency, advancing clean energy integration, improving customer experience and affordability, enhancing cybersecurity and information technology, and reinforcing long-term fiscal sustainability. The 2026 workplan builds on these foundations with focused priorities on outage performance, clean energy and electrification readiness, expanded affordability programs, leveraging technology and AI, and reinforcing the financial framework to deliver clean, reliable, and affordable electric service.

The Long Island Power Authority's strategic plan outlines its direction for a clean, reliable, and affordable energy future. Its key strategic pillars include achieving a zero-carbon electric grid by 2040, enhancing customer experience and value, ensuring top-tier transmission and distribution reliability and resiliency, and maintaining strong fiscal sustainability. The plan also focuses on fostering economic development, prioritizing safety, and implementing robust information technology and cybersecurity measures, all aimed at protecting operations, data, and providing accessible services to customers and communities.

This document compiles the Board Policies of the Long Island Power Authority, serving as a comprehensive framework for the organization's operations. It details strategic direction across key areas such as LIPA's purpose and vision, clean energy and power supply, customer experience, transmission and distribution, customer value and affordability, information technology and cybersecurity, fiscal sustainability, economic development, safety, strategic planning, and social and environmental justice. Additionally, it outlines operating policies for staffing, risk management, power supply hedging, taxes, construction projects, public policy transmission planning, asset management, and investment, alongside governance policies covering trustee communications, audit relationships, board governance, responsiveness, and integrity. The policies aim to guide initiatives, ensure accountability, and achieve LIPA's mission of providing clean, reliable, and affordable energy.