The cool breeze from air conditioners may provide relief during the scorching heat wave, but many residents fear next month?s LIPA will burn a hole in their wallet.

Residents and businesses across Long Island are preparing for the sky-high temperatures to lead to record electric bills. Owners of Caruso?s Pizza in Plainview say keeping the dining room cool for customers has already doubled their LIPA bill and cut into profits. Economists predict the higher energy bills will only help to slow the economy later.

Long Island Association Chief Economist Pearl Kamer forecasts a financial squeeze on Long Islanders that will affect overall consumption. LIPA chair Richard Kessel assures any extra profits from the heat wave will be given back to the customers after the summer.