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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