LIPA electric bills to go down 4.3 percent

March 28, 2012 7:02:49 PM PDT
Residents on Long Island will be getting a break on their electric bills.

The Long Island Power Authority will cut a record 4.3 percent from electric bills next month.

For a typical ratepayer that's an average savings of $6.59.

Chief operating officer Michael Hervey told Newsday the rate cut brings overall rates to their lowest level in five years.

He says it was made possible by a mild winter and falling natural gas prices.

The cut helps alleviate several years of spiking fuel surcharges that have angered LIPA customers, who pay among the highest rates in the country.

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