Dive Summary:

• Operations at the Long Island Power Authority (LIPA), a state-owned New York utility company, will be taken over by the Public Service Enterprise Group Inc, a private utility in New Jersey-- New York’s Governor Andrew Cuomo announced Monday.
• LIPA has been faulted for its response to Superstorm Sandy in which 1.1 million LIPA customers on Long Island lacked power for days, and some for more than two weeks.
• "LIPA is broken and LIPA has to go away," said Cuomo.

From the article:
“LIPA's services agreement with National Grid is due to expire at the end of 2013. PSE&G was already set to take over as the system's operator but the governor's proposal will see that role expanded to take over most of the company's operations.”