LIPA approves plan to hike bills to recoup Sandy expenses

LIPA approved a plan to collect $80 million in storm costs over 10 years, starting next year. (3/21/13)

WOODBURY - LIPA officials have unanimously voted to increase ratepayers' bills to help recover Sandy expenses.

LIPA approved a plan to collect $80 million in storm costs over 10 years, starting next year. 

For customers, this means their bills will go up approximately 30 cents a month.

BEFORE AND AFTER - See how parts of LI look one year later

PHOTOS - View or Submit Your Sandy Photos

CHOPPER 12 - Aerial Footage of NY/NJ Devastation

READ/WATCH MORE - News 12 Long Island's Sandy Coverage

VIDEO: Superstorm Sandy's Lifespan

NEWSDAY: Additional Sandy coverage at Newsday.com

According to officials, the hope is that collecting the unreimbursed costs from customers will help the utility keep a strong credit rating.

LIPA is counting on FEMA to pick up 90 percent of their $806 million tab from the storm. 
 

advertisement | advertise on News 12

advertisement | advertise on News 12