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Kate07
Feel better my little guy!
Member since 5/05 4476 total posts
Name:
Kate
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LIPA announces rate cut
THE ASSOCIATED PRESS
January 30, 2007, 12:55 PM EST
Recent drops in the fuel costs have allowed the Long Island Power Authority to slightly reduce electric rates for customers, officials announced Tuesday.
"This is a step in the right direction," said Kevin Law, who was recently named chairman of the LIPA board. "Looking forward, LIPA needs to continue to do everything it can to lower the power supply charge as much as possible as soon as possible."
LIPA officials said the typical residential customer who uses 775 kilowatt hours of electricity a month will save about $3.01 a month. A commercial customer using 8,800 kilowatt hours a month could see a savings of about $34 per month.
Richard Kessel, the authority's CEO, said the rate cuts were possible because of recent drops in the costs for fuel and purchased power.
"The historic increases in the cost of oil and natural gas that forced LIPA to pass along some of those increases to customers have eased up a bit," Kessel said. "The recent reductions in those costs allow us to pass along these savings to our residential and commercial customers."
LIPA provides electric service to more than 1.1 million customers in Nassau and Suffolk counties and the Rockaway Peninsula in Queens.
Copyright 2007 Newsday Inc.
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Posted 1/30/07 1:07 PM  |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: LIPA announces rate cut
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| Posted 1/30/07 4:49 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: LIPA announces rate cut
Rate cut...I'm all for that!
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| Posted 1/30/07 4:50 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: LIPA announces rate cut
the way I see it, they owe me about $34/12/15 years.
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| Posted 1/30/07 5:00 PM |
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My2Boys
Love.
Member since 10/05 4796 total posts
Name:
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Re: LIPA announces rate cut
'bout time! I just got my bill today. 
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| Posted 1/30/07 5:07 PM |
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Lauren
Very Happy!
Member since 10/06 3917 total posts
Name:
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Re: LIPA announces rate cut
wow that's great news!
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| Posted 1/30/07 5:22 PM |
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beachgirl13
Mommy to 3 boys!
Member since 5/05 4114 total posts
Name:
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Re: LIPA announces rate cut
big deal. They just said businesses will average a $34 rate cut a month. Residential will be about $3 a month. yippee.
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| Posted 1/30/07 5:37 PM |
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AOMom
LIF Adolescent
Member since 11/06 856 total posts
Name:
j
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Re: LIPA announces rate cut
Posted by beachgirl13
big deal. They just said businesses will average a $34 rate cut a month. Residential will be about $3 a month. yippee.
I agree...gee, now I can afford a cup of coffee once a week. I'll pat LIPA on the back when they make some real changes.
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| Posted 1/30/07 6:29 PM |
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