Feb. 11, 2013
Excerpt:
…It’s true, LIPA is a mess. It is saddled with debt that comes from bailing out shareholders from the last failed effort to privatize the utility, then LILCO. But the bank-like private utilities to whom LIPA would be sold are not to be trusted. They have a long record of lining their pockets at the expense of New Yorkers. State regulators should not sign off on the deal. After three decades of moving ever deeper into privatizing public infrastructure, regulators should insist that essential public infrastructure should be managed for the public, not for profit…
Emmaia Gelman 