LI public fears energy rate hikes to come with KeySpan buyout

(09/27/06) RIVERHEAD - The public voiced their concerns about the $7 billion proposed sale of KeySpan Energy to National Grid USA at a hearing in Riverhead Wednesday. The New York State Assembly Energy

News 12 Staff

Sep 28, 2006, 8:47 PM

Updated 6,504 days ago

Share:

(09/27/06) RIVERHEAD - The public voiced their concerns about the $7 billion proposed sale of KeySpan Energy to National Grid USA at a hearing in Riverhead Wednesday.
The New York State Assembly Energy Commission organized the event where Long Island residents voiced environmental, service, reliability and, most of all, rate concerns. In an effort to ease the rate concerns, National Grid USA CEO Michael Jesanis pledged to maintain flat rates for 18 months. Residents in attendance say they remain worried about rate hikes after that period is up.
Union representatives for the workforce say they are very happy about a tentative deal struck with KeySpan and London-based National Grid that includes a no layoff pledge.
New York State?s Public Service Commission must approve the buyout for it to proceed. A second public hearing is scheduled in New York City next month.
 


More from News 12
0:49
Global technology outage causes flight delays, cancellations on Long Island

Global technology outage causes flight delays, cancellations on Long Island

2:06
Warm and dry weekend; storms return for middle of next week

Warm and dry weekend; storms return for middle of next week

0:15
Police: Senior woman hit by car, seriously injured in Commack parking lot

Police: Senior woman hit by car, seriously injured in Commack parking lot

0:19
Police: Dirt bike rider killed in East Patchogue crash

Police: Dirt bike rider killed in East Patchogue crash

2:29
Long Island residents face a myriad of issues due to global tech outage

Long Island residents face a myriad of issues due to global tech outage

0:29
Police: Motorcyclist killed after striking NICE bus in Lynbrook

Police: Motorcyclist killed after striking NICE bus in Lynbrook

0:41
Prosecutors: Driver had BAC twice the legal limit during fatal Deer Park nail salon crash

Prosecutors: Driver had BAC twice the legal limit during fatal Deer Park nail salon crash

2:21
Massive technology outage impacts LaGuardia Airport

Massive technology outage impacts LaGuardia Airport

0:28
Police: Hauppauge crash causes fuel spill on Motor Parkway

Police: Hauppauge crash causes fuel spill on Motor Parkway

0:35
North Merrick Library hosts Pokémon event with cards, crafts and characters

North Merrick Library hosts Pokémon event with cards, crafts and characters

2:01
‘You do have shared vulnerabilities.’ Security experts explain risks associated with global IT outage

‘You do have shared vulnerabilities.’ Security experts explain risks associated with global IT outage

1:30
Students take part federal court program in Central Islip

Students take part federal court program in Central Islip

A massive tech outage is causing worldwide disruptions. Here's what we know

A massive tech outage is causing worldwide disruptions. Here's what we know

5:00
Tech expert weighs in on Microsoft outage impacts across the globe

Tech expert weighs in on Microsoft outage impacts across the globe

Northwell Health activates emergency operations center amid technology outage, NYU Langone remains open

Northwell Health activates emergency operations center amid technology outage, NYU Langone remains open

Prosecutors: Bellport woman indicted for alleged hit-and-run crash that killed volunteer firefighter

Prosecutors: Bellport woman indicted for alleged hit-and-run crash that killed volunteer firefighter

2:27
Food Truck Friday: Roxy's Ice Cream Truck

Food Truck Friday: Roxy's Ice Cream Truck

13:51
'I’m not supposed to be here tonight.' Donald Trump recounts assassination attempt

'I’m not supposed to be here tonight.' Donald Trump recounts assassination attempt

0:38
Resilient North Babylon HS grad gets 5-figure donation from restaurant’s grand opening earnings

Resilient North Babylon HS grad gets 5-figure donation from restaurant’s grand opening earnings

1:35
Jericho lawyer wins Optimum's Small Business Boost Sweepstakes

Jericho lawyer wins Optimum's Small Business Boost Sweepstakes