NORTHPORT - Thousands of Long Islanders could see a major property tax hike if LIPA is successful in lowering how much taxes it pays on its power plant in Northport.

The utility wants a 90-percent reduction in taxes, which could result in skyrocketing property taxes for residents of the Northport-East Northport school district.

"This is going to threaten the quality of life and the existence of what we have worked very hard to bring," says Town of Huntington Supervisor Frank Petrone. According to the Town of Huntington, if LIPA is successful, Huntington residents would see their property taxes rise 10 percent, while residents in Northport would see their property taxes go up by about 60 percent. LIPA spokesperson Vanessa Baird-Streeter says if the company's taxes are reduced, all LIPA customers will benefit. "If we have a reduction in our costs, then we can reduce the costs that our customers pay," she says.