Smith Applaudes LIPA For Lower Rates
Senate Majority Leader Malcolm A. Smith (D-St. Albans) applauded the Long Island Power Authority (LIPA) today for their willingness to work with local consumers and reduce bills for their customers in Far Rockaway by 3.2 percent.
"I am extremely pleased that in these difficult financial times, LIPA is showing sensitivity to the needs of its customers and is reducing the costs of service, putting money back into my constituents pockets at a time when they need it most," said Senator Smith.
The reduction took effect May 1. LIPA notes that the cut is the largest in its 11-year history and will result in a $5.11 average monthly savings in residential consumers' bills. This reduction fully reverses a 3.2 percent increase that had previously taken effect in January of this year. National Grid has also indicated they too will be reducing gas costs to their customers. Under National Grid's reduction plan, the price of a therm of gas is expected to drop 54 cents this month from an average of $1.16 last summer. Senator Smith and local officials are continuing to work with them to produce more affordable energy.