Governor Cuomo Directs Special Counsel for Ratepayer Protection to Lead Inquiry into Feasibility of a Public Takeover of New York American Water Company on Long Island
Special Counsel Will Lead the Department of Public Service’s Investigation into the Merits of Municipalizing Troubled Long Island Water Utility and Issue Report by April 1st
New York (STL.News) Governor Andrew M. Cuomo today directed Rory I. Lancman, Special Counsel for Ratepayer Protection at the New York State Department of Public Service, to commence and lead a municipalization feasibility study regarding Long Island’s largest privately-owned water company, New York American Water Company, Inc.
“For far too long, the 120,000 customers of New York American Water on Long Island have been plagued by exorbitantly high rates for water – this simply cannot continue,” Governor Cuomo said. “New York is immediately launching an effort to thoroughly study all options to reduce customer costs for this vital necessity and a basic right, including a public takeover. New Yorkers deserve access to clean, safe and affordable water and we are going to pursue every avenue to make that happen.”
The Department is currently reviewing the sale of New York American Water to Liberty Utilities Co., another private utility.