DPS: PSEG LI should reduce rate hike proposal

For the average electric customer, the increase is about $4.30 a month, up from its current $1.69.

For the average electric customer, the increase is about $4.30 a month, up from its current $1.69. (9/29/15)

WOODBURY - The state's Department of Public Service says PSEG Long Island should reduce its three-year rate hike proposal.

The department says the utility should shoot for a total of $325 million in hikes, as opposed to the $441 million PSEG LI is proposing.

The DPS has recommended allowing PSEG Long Island to raise customer rates by .8 percent next year, and 2.1 percent in both 2017 and 18. That's 26 percent less than what the utility wants.

Suffolk's Utility Oversight Committee head Sheldon Sackstein says the DPS recommendation will most likely not stand. He says the state has little power when it comes to regulating PSEG Long Island. Sackstein blames the lack of influence on flaws in the agreement made by Gov. Andrew Cuomo to bring PSEG to Long Island.

"What we're saying is stop the process right now...and let's look at the whole process from the beginning and understand it better," says Sackstein.

PSEG Long Island tells News 12 that it needs the higher rates to provide what it calls "top tier" electric service to Long Island.

The LIPA Board of Trustees will have the final say on rate increases. It will discuss the state's recommendations at its next meeting on Oct. 19.

advertisement | advertise on News 12

Top 5 Must See

The owner of a Huntington church and food 1 Huntington food pantry owner says he is being targeted by neighbors, town
Developers want to build more than 150 new 2 Plans to expand Bayport senior apartment complex faces opposition
Officials say a pedestrian was struck and killed 3 Police: Pedestrian fatally struck by hit-and-run driver in Central Islip
News 12 is told the driver of the 4 Officials: 2 struck by car in Massapequa
The vigil for Banegas took place at the 5 Vigil held for victim in Central Islip Park killing

advertisement | advertise on News 12

More News

The utility has proposed raising rates an average PSEG LI makes case for rate hikes at hearings

PSEG Long Island is making its case for a proposed rate hike during hearings at

The AARP wants the LIPA board to drop AARP: LI cannot afford utility rate hike

Long Island cannot afford a proposed rate hike by LIPA and PSEG Long Island, according

At first, the DPS recommended that the utility's Officials call on comptroller to review PSEG rate hike

Utility customers and local officials are questioning the Department of Public Services after it drastically

Previously, the department recommended that LIPA and PSEG State panel revises PSEG LI rate hike recommendation

The state Department of Public Service revised how much PSEG Long Island should cut from

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.