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ALBANY-“Today marks a bright new day for residents and businesses on Long Island,” Gov. Andrew Cuomo said Monday after signing legislation to privatize utility operations on the island. At a ceremony in which he pasted a PSEG logo over the Long Island Power Authority sign on a utility truck, the governor proclaimed an end to “the tragedy of LIPA,” and said the legislation he signed “ends the LIPA as we know it,” creating a new utility system for Nassau and Suffolk residents. It was a change the governor had sought for some time.

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