ENERGY

Government Agency Makes Offer on Long Island Lighting: The Long Island Power Authority said it has offered $17.50 a share to acquire Long Island Lighting Co., known as Lilco, in a deal that will be worth about $2 billion to shareholders. The utility serves more than 1 million customers near New York City. Last year, New York’s then-Gov. Mario Cuomo, in his reelection campaign, had proposed a state takeover of Lilco. Current Gov. George Pataki said he will appoint a panel to study the takeover. Lilco has been plagued by high electricity costs ever since it built the Shoreham nuclear power plant on Long Island. The plant was dismantled before it ever opened because of strong local opposition.