PSEG Long Island and LIPA Purchase New Corporate Facility to Advance Affordability, Efficiency and Collaboration

New building will consolidate office locations, reduce long-term occupancy costs and provide cost savings to customers

(UNIONDALE, N.Y. – Aug. 25, 2026) PSEG Long Island, working collaboratively with the Long Island Power Authority (LIPA), has recently closed on the purchase of 1307 Walt Whitman Road in Melville, N.Y. The building purchase consolidates several leased spaces that PSEG Long Island occupies, reducing operational costs and providing cost savings to customers.

This purchase is part of the ongoing effort to evaluate long-term needs and operate more efficiently while making responsible investments that support affordability for customers. Consolidating multiple leased office locations into LIPA-owned facilities is expected to reduce duplicative real estate expenses and maintenance costs, improve space utilization and provide greater long-term certainty regarding occupancy costs.

“Bringing employees together in a shared facility will help us reduce long-term costs, strengthen collaboration and continue delivering the responsive, efficient service our customers expect,” said Scott Jennings, PSEG Long Island’s president and COO.

“This building purchase reinforces LIPA’s commitment to managing costs responsibly and delivering affordability for our customers,” said Carrie Meek Gallagher, LIPA’s CEO. “Real estate ownership provides greater long-term cost certainty, gives us greater operational control and represents a prudent investment that supports our long-term fiscal sustainability strategy.”

This purchase is just one way in which PSEG Long Island and LIPA together are prioritizing affordability for customers while continuing to deliver reliable, sustainable power as safely as possible to Long Island and the Rockaways.

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About LIPA
The Long Island Power Authority is a non-profit municipal electric provider that owns the electric transmission and distribution system serving approximately 1.2 million customers across Long Island and the Rockaways.

PSEG Long Island
PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a long-term contract.  PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.