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Originally published November 2, 2012 at 9:30 AM | Page modified November 2, 2012 at 12:56 PM

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Cuomo: 'No reason to panic' over gas shortages

New York Gov. Andrew Cuomo says he's signed an executive order waiving a requirement that fuel tankers register and pay tax before unloading.

The Associated Press

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I would like to see the governor go after private utlities. What is he going to do? Get... MORE

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NEW YORK —

New York Gov. Andrew Cuomo says he's signed an executive order waiving a requirement that fuel tankers register and pay tax before unloading.

He also is threatening utility companies' rights to operate in the state in the future if they don't immediately put power restoration work into high gear.

The governor says there's "no reason to panic" about gas shortages. He said Friday that tankers are now making "great progress" delivering fuel and that his order will help get gasoline to consumers faster. He also says terminals that suffered damage in Superstorm Sandy are coming back online.

But he also is warning utilities that they must devote full personnel and equipment to power restoration. Cuomo says utilities operate only with the state's permission and he will hold them accountable.

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