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Isaias: PSEG To Forfeit $10M Incentive Bonus, Altice Could Also Face Penalties Isaias: PSEG To Forfeit $10M Incentive Bonus, Altice Could Also Face Penalties
Isaias: Pseg To Forfeit $10M Incentive Bonus, Altice Could Also Face Penalties PSEG Long Island’s response to Tropical Storm Isaias will cost the utility company millions as New York Gov. Andrew Cuomo threatens to revoke its license to operate. Cuomo announced that PSEG will forfeit nearly $10 million in incentive compensation following an investigation by the state’s Department of Public Service into New York utility companies’ responses to Isaias. Cuomo's office has also threatened to terminate PSEG’s contract with LIPA if “the investigation deems it appropriate.” PSEG was cited for a “failure of its outage management system, inaccurate communications, and problem…

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by Zak Failla
Business
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level At the 11th hour, the Dolan family, the former owners of Cablevision before it was sold to Altice USA, reached a settlement in a lawsuit regarding layoffs and staffing at News 12 with the new parent company for the 24-hour hyperlocal news network. News 12 will employ at least 371 full-time employees through February 2023 under the agreement, ending a yearlong dispute by the Dolans, who sought a minimum of 462. Altice acquired News 12 when it took over Cablevision three years ago. The lawsuit alleged that Altice had not operated the news company in compliance with the agreement of the deal. …

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by Zak Failla