LIPA to zap 4.3% off customers' bills next month

Customers of the Long Island Power Authority (LIPA) may be shocked when they open their bills next month: their rates are about to go down.

SYOSSET - Customers of the Long Island Power Authority (LIPA) may be shocked when they open their bills next month: their rates are about to go down. The utility announced today that it's cutting rates by 4.3 percent due to the mild winter and low natural gas prices. It's the lowest rate for LIPA customers in seven years. The savings will amount to about $6.59 for the average homeowner and $85 for the average business. Some critics and wary homeowners are mistrusting about the cuts, saying they will expect a rate hike somewhere down the line.

advertisement | advertise on News 12

Top 5 Must See

The footage was shared online by Thomas Marrone, 1 Video appears to show abuse inside NYDogWorks in Oceanside
Executive director of the Maritime Museum Terry Blipman 2 LI Maritime Museum hosts Dutch Christmas Festival
Police say James Burke, 76, veered off the 3 Police: Medical event led to fatal crash in Huntington Station
Empire State Development Corp. canceled its 4-year-old request 4 Plans for Belmont Park soccer stadium nixed by state
Angela Conte-Gentille says she remembers growing up in 5 Facebook post fuels push for East Meadow Ave. decorations

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 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.

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