LIPA customers could be hit with rate increase in 2012

The Long Island Power Authority (LIPA) announced today that its customers could be in for a rate increase next year due to higher property taxes.Under

WOODBURY - The Long Island Power Authority (LIPA) announced today that its customers could be in for a rate increase next year due to higher property taxes.Under LIPA's proposed 2012 budget, the residential delivery charge for electricity could go up 1.5 percent, which is about $2.24 a month.The utility says the proposed rate hike comes as a result of a $52 million increase in its taxes next year. Also, LIPA will be adding $6 million to cover future storm cleanup costs. On the positive side, LIPA says fuel prices have been dropping, saving $48 million. The utility does note that the cost of Hurricane Irene cleanup will not be passed on to customers in this budget."The net charge to us and LIPA's customers was $44 million, and we have been able to absorb that without passing along an increase," says LIPA Chief Operating Officer Michael Hervey.The public will have a chance to review and comment on LIPA's 2012 budget at several meetings that will be held across the Island Nov. 30 and Dec. 6.

Share on Facebook Tweet on Twitter

advertisement | advertise on News 12

Top 5 Must See

The school district says the candy made the 1 Sachem SD: 6 students hospitalized after eating potentially laced candy
Robert Crumb, 44, pleaded not guilty to second-degree 2 Man pleads not guilty to stabbing wife to death in Bethpage
Campus personnel found swastikas at Nassau Community College 3 Swastikas found scrawled inside Nassau Community College building
The motel, which was converted into a drug 4 Brookhaven asks Suffolk to remove vacant Ridge Motel East
Rev. John Barres, 56, bishop of the Diocese 5 Pope appoints new bishop to Diocese of Rockville Centre

advertisement | advertise on News 12

Features

Need help this holiday season? We've got you Holiday Help Series

Need a gift idea? Perhaps you need a fun idea to do with the kids?

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

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.

LOGIN SUBSCRIBE