LIPA Warns Of Possible Rate Increase
By Howard Schwach
Political machinations behind closed doors in Suffolk County could possibility lead to a rate increase in Rockaway, according to a recent statement by the Long Island Power Authority (LIPA), the company that provides Rockaway's electricity.
According to LIPA, the Suffolk County Legislature have been trying to break into the residential energy business, reducing the amount that Suffolk homeowners pay for their electric power.
To do this, the county would buy power from suppliers and then pass on its lower costs to homeowners.
LIPA executives say, however, that the diversion of business from LIPA would "increase the utility's average cost of electricity and bump up rates for other LIPA customers in Nassau and in Rockaway.
"Any of the cost savings that would benefit Suffolk's residential ratepayers would be subsidized by the ratepayers in Nassau and Rockaway," says LIPA Chairman Richard Kessel.