# Long Island Power Authority Nuclear Decommissioning Trust

Long Island Power Authority Nuclear Decommissioning Trust is a Trust / Investment Trust based in Uniondale, United States.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** Uniondale, United States
- **Region:** North America
- **Address:** Uniondale, NY, United States
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** www.lipower.org
- **LinkedIn:** https://www.linkedin.com/company/long-island-power-authority

## Regulatory record

- **Reports private funds:** No

## About

As a public authority, LIPA owns the electricity system serving 1.2 million customers on Long Island and the Rockaways.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## People

- Carrie Meek Gallagher — CEO

## Questions

### What specific nuclear assets does this trust cover?

The trust is funded to decommission LIPA's 18% share of Nine Mile Point Unit 2, an operational nuclear station in Oswego, New York, and the fully retired Shoreham Nuclear Power Station on Long Island. Both assets were acquired through LIPA's 1998 merger with the Long Island Lighting Company.

### Who oversees the trust's investments and ensures the funds are adequate?

The New York State Department of Public Service provides regulatory oversight, while the LIPA Board of Trustees holds fiduciary responsibility for investment decisions. The trust must file regular reports demonstrating that its assets are sufficient to meet estimated future decommissioning costs under state-approved formulas.

### How is the trust's portfolio managed?

LIPA's Board, with support from external investment consultants, allocates the trust across public equities, fixed-income instruments, and alternative assets. The strategy follows a liability-driven glide path that shifts toward more conservative holdings as major decommissioning expenditures approach.

### Are these decommissioning funds commingled with LIPA's general operating revenues?

No. The trust assets are held in a qualified external account, legally separate from ratepayer funds and LIPA's operational budget. The Utility Debt Securitization Authority handles distinct refinancing activities, ensuring the decommissioning pool remains walled off from other obligations.

## Related profiles

- [Longbow Capital](https://altss.com/profile/longbow-capital)
- [Long Run Wealth Advisors](https://altss.com/profile/long-run-wealth-advisors)

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Updated: 2026-06-03T20:00:00.000Z

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