LIPA is a not-for-profit public utility with a mission to enable clean, reliable and affordable electric service for 1.1 million customers on Long Island and the Rockaways. LIPA utilizes a public-private partnership business model and contracts with PSEG Long Island, a subsidiary of Public Service Enterprise Group Incorporated, one of the nation’s largest electric utilities, to operate LIPA’s electric system under a 12-year contract. LIPA’s public-private business model delivers the advantages of public power to customers, including LIPA’s not-for-profit status and access to low-cost financing.