DPS: PSEG LI should reduce rate hike proposal

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.


sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."