News Analysis
NEW YORK ATTORNEY GENERAL DENNIS C. VACCO IS investigating a $42-million severance package given to former LILCO Chairman William Catacosinos, complicating the takeover of troubled Long Island Lighting Co. by state-run Long Island Power Authority.
orney General Vacco on June 8 announced he had issued formal subpoenas concerning "secret" payments made to utility executives. "The revelation of these payments ratifies Governor Pataki's actions in dismantling LILCO's power monopoly on Long Island," Vacco said.