A new partnership is officially underway between the Long Island Power Authority (LIPA) and The Energy Authority (TEA), with parallel operations beginning on October 15, 2025.
The full agreement, which names TEA as the new Power Supply and Fuel Management Services provider, will go into effect on January 1, 2026.
TEA brings 28 years of specialized experience in serving public power utilities and efficiently integrating new clients.
In its new role, TEA will apply its market expertise to manage LIPA's power resources across the NYISO, PJM, and ISO-NE markets.
Key services include power trading, RTO bidding and scheduling, strategic market optimization, and overseeing fuel supply to control costs and maintain the high standard of reliability that Long Island customers expect.
Carrie Meek Gallagher, CEO of the Long Island Power Authority, said, “We’re excited to begin work with The Energy Authority for power supply and fuel management services. This new partnership demonstrates LIPA’s ongoing commitment to ensuring value and the best outcomes for our customers and electric system.”
Joanie Teofilo, President & CEO of TEA, said: “TEA has spent the last several months diligently preparing to provide LIPA with exceptional service. We are confident in our readiness and excited to begin this new strategic partnership.”
