York City. This system operates under an agreement with the Long Island Power Authority, the state agency that owns the system, that went into effect January 1, 2014. PSEG was selected to essentially privatize LIPA after the controversies surrounding Hurricane Sandy, taking over near complete control of the system including its brand name, whereas before this agreement only a number of functions were performed by the private sector and the system was operated under the LIPA name. Environmental record In 2001, NOAA presented PSEG with The Walter B. Jones Memorial and NOAA Excellence Awards in Coastal and Ocean Resource Management in the category of Excellence in Business Leadership for its Estuary Enhancement Program. See also Atlantic Nuclear Power Plant Public Service Railway Newark Public Service Terminal References External links Electric power companies of the United States Non-renewable resource companies established in 1903 Companies based in Newark, New Jersey Companies listed on the New York Stock Exchange Companies in the Dow Jones Utility Average 1903 establishments in New Jersey American companies established in 1903