Long Island Power Authority
Staff Study: Disposition of the
Shoreham Nuclear Power Plant The Shoreham nuclear power plant, which
was built by the Long Island Lighting Company, was abandoned shortly after construction was
completed in 1985 due to intense public opposition to the plant. The Long Island Power
Authority (LIPA) was created in 1986 to close the plant, find alternative uses for plant facilities,
and identify methods for lowering the electric rates on Long Island. Partly because of the costs
incurred in building the Shoreham plant ($5.6 billion), the electric rates on Long Island are
among the highest in the nation. We reviewed the performance of LIPA and found that the
Shoreham plant had successfully been closed. However, LIPA had yet to find alternative uses
for plant facilities and was still in the process of developing a plan to lower electric rates on
Long Island. We suggested that consideration be given to dissolving LIPA and allowing its role
to be filled by other State agencies or public authorities, such as the Public Service Commission
or the New York Power Authority.
For a complete copy of Report 95-D-38 click here.
For a copy of the 90-day response click here.