Power Play: PSEG’s Long Island Grid Deal Extends Contract – Could Stock Hit $90+?
Long Island Contract Extension On Sept. 25, 2025 the Long Island Power Authority (LIPA) board voted to extend the contract with PSEG Long Island by five yearsprnewswire.com. This keeps PSEG as the operator of the 1.2+ million–customer electric grid on Long Island and the Rockaways through 2030. PSEG’s CEO Ralph LaRossa praised the decision: “Since 2014, PSEG Long Island has become the No. 1 overhead electric service provider in the State of New York in reliability and customer satisfaction.”prnewswire.com. The agreement was touted as cost-saving (about $17 million less to ratepayers over five years) and performance-based (tying more than half of
