LIPA customers will be getting money back

LONG ISLAND Citing lower-than-projected natural gas prices, LIPA said $144 million will be refunded in two installments before year's end.

It's about $70 for average residential customers.

The refunds will come in the form of credits on October and November bills. Customers whose bills are higher, particularly businesses and those with all-electric heat will see credits totaling more than $100.

LIPA also considered implementing a rate reduction, rather than credits, but it would have been too big to return all the money before December.

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