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The New York City Water Board was established in 1905. It sets water and sewer rates for New York City sufficient to pay the costs of operating and financing the system, and collects user payments from customers for services provided by the water and wastewater utility systems of the City of New York.
Central Hudson Gas & Electric Corporation was officially formed in 1925 after a merger of 80-plus independent electric and gas companies in the state of New York. [4] Later, CH Energy Group, Inc. was formed as a parent organization of Central Hudson Gas & Electric Corporation and a family of subsidiaries known as Central Hudson Enterprises Corporation (CHEC) in 2000. [4]
The Utility Debt Securitization Authority is a separate New York State public-benefit corporation run by a governor-appointed board of trustees that is responsible for LIPA's financial reporting. [ 26 ] [ 27 ] In 2017, it had operating expenses of $122.2 million, an outstanding debt of $4.262 billion, and a level of staffing of 3 people.
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The company was formed in 1891 as part of a plan for common utility ducts to consolidate all utilities underground. [1] Incompatibility among the utilities limited the range of utilities that could share their ducts, so the company now operates as a wholly owned subsidiary of Verizon New York Telephone under a franchise from the city. In ...
NY&NJTCo. = New York & New Jersey Telephone Company; NY&QEL&PCo = New York & Queens Electric Light & Power Company; NYCTA = New York City Transit Authority; NYCTS = New York City Transit System; NYC & HRRR = New York Central & Hudson River Railroad; NYM = New York Municipal Railway Corporation; NYRT = New York Rapid Transit Corporation
The neighborhood is the fourth-largest central business district in New York City. [3] [4] Downtown Flushing is a major commercial and retail area, and the intersection of Main Street and Roosevelt Avenue at its core is the third-busiest in New York City, behind Times Square and Herald Square. [5]
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