Tom Falcone is President of the Large Public Power Council, an association of 29 of the largest not-for-profit public power systems in the United States. Together, LPPC members provide electricity to more than 30.5 million people across 23 states and territories.
Before joining LPPC in 2024, Falcone served as Chief Executive Officer and Chief Financial Officer of the Long Island Power Authority, the nation’s third-largest public power utility. During his tenure, LIPA increased grid investment by 300%, reduced outages by 40%, achieved top-tier reliability, and launched the nation’s first utility-scale offshore wind farm. LIPA also secured approval for $3.3 billion in transmission investments to integrate 3,000 megawatts of clean energy, deployed smart meters and opt-out time-of-day rates, earned four credit-rating upgrades, and reduced leverage by 25%, while keeping electric rate adjustments below inflation.
Falcone is a past chair of LPPC and has served on the boards of the American Public Power Association, the Association of Edison Illuminating Companies, and the Advanced Energy Research and Technology Center at Stony Brook University. Before joining LIPA, he was an investment banker and advisor to publicly owned utilities and state and local governments, raising more than $25 billion for infrastructure investments nationwide. He holds a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.