LIPA electric bills set to - shrink

April 23, 2009 4:44:51 PM PDT
Long Island Power Authority customers' electric bills are changing again - but this time, they're going down. The nonprofit utility announced a 3.2 percent electric bill reduction Thursday. The average household will save $5.11 a month, starting May 1.

LIPA says the reduction reflects lower-than-expected fuel prices. It negates a 3.2 percent increase that took effect in January.

Ratepayers and Gov. David Paterson criticized LIPA when it planned to boost bills by 4.8 percent last fall, despite declining fuel prices. LIPA said it faced other rising expenses but pared the increase to 3.2 percent.

New York City-based Consolidated Edison is raising the power-delivery portion of electric bills by 6.1 percent on May 1. That part's independent of fuel prices.


NEW YORK AND TRI-STATE AREA NEWS

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