Everything about The Long Island Lighting Company totally explained
The
Long Island Lighting Company, or LILCo [ "lil-co" ], was an
electrical power company and
natural gas utility for the communities of
Long Island,
New York, serving 2.7 million people in
Nassau,
Suffolk and
Queens Counties.
LILCo was the original power utility for
Long Island from 1911 until 1998. It was founded by
E. L. Philips, an
engineer, and a group of
New York City investors, including
George W. Olmsted, when they purchased four small electric companies in
Amityville,
Islip,
Northport and
Sayville.
Almost from its inception, LILCO's rate payers and local politicians were upset by E. L. Philips' annual salary of $5,000(US), an unheard of sum in
1915, when he voted himself this sum.
LILCO is notable for building the
Shoreham Nuclear Power Plant. In the end, in a political decision based on evacuation plans, the plant operated only briefly and then was closed down and bought by the
Long Island Power Authority (LIPA), a
public authority.
Hurricane Gloria hit Long Island on
September 27,
1985, but power wasn't fully restored until
October 8. The bitterness from the delays in restoring power helped bring down the Shoreham Plant and eventually helped force the sale of the company.
On
March 5,
1998, final Federal approval was received for LIPA to take over LILCO. The deal was completed later that year.
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