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LIPA appoints new chief operating officer


From the April 23, 2013 issue of Public Power Daily

Originally published April 23, 2013

By Fallon Forbush
Communications Assistant

The Long Island Power Authority Board of Trustees appointed John D. McMahon as chief operating officer on Friday, April 19. Mike Taunton, LIPA’s chief financial officer, who was temporarily serving as chief operating officer, will now resume his role as full-time CFO.


McMahon has been working for the last two years as a utility consultant and serving on various industry boards. He previously worked for 35 years at Consolidated Edison, Inc. in various leadership roles, including senior vice president and general counsel, executive vice president and president and chief executive officer of Con Ed’s wholly owned subsidiary, Orange & Rockland Utilities, and its two utility subsidiaries, Rockland Electric Co. and Pike County Light & Power Co.

 
"John is coming to LIPA at a critical time in its history and we are excited about the expertise he brings to the organization," said Larry Waldman, chairman of LIPA's board. "He will complement LIPA's existing staff and resources in order to ensure not only that the transition to PSEG (Public Service Enterprise Group) be completed timely and in the best interest of LIPA's customers, but that the day-to-day operations of the organization carry on seamlessly."


In June 2012, PSEG Long Island, LLC, an indirect subsidiary of PSEG, was awarded a 10-year, $2.5 billion contract to manage LIPA’s day-to-day operations beginning in 2014. Under the agreement, PSEG will operate a dedicated business unit on Long Island that will provide services exclusively to LIPA and its 1.1 million electric customers, LIPA said.


"John will also serve as a great resource for the board and the governor's office with respect to pursuing the right organizational structure for LIPA," said Waldman.


LIPA’s former COO and acting chief executive, Mike Hervey, resigned in November 2012. The resignation came the same day that New York Gov. Andrew Cuomo established a commission to investigate how LIPA and other utilities prepared for and handled Hurricane Sandy and other major storms that have hit the region over the last two years (see the Nov. 14, 2012 Public Power Daily and the Nov. 15, 2012 Public Power Daily).

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