Assemblyman Andrew Raia (R,C,I,WF- East Northport) today announced the Assembly passed legislation that would clarify the requirement that Long Island Power Authority (LIPA) rates may not increase by an average of 2.5 percent over a 12-month period without approval of the state Public Service Commission (PSC). The bill goes to the state Senate for its consideration.
“Since 2001, LIPA has raised rates seven times. Long Islanders cannot afford to continue paying exorbitant fees and it is completely unreasonable for the state to continue to profit from increasing power costs,” said Raia.
The legislation also would require LIPA to notify the PSC of its intention to raise rates and agree the increases fall under the jurisdiction of the commission, noted Thiele.
Since 2001, LIPA has raised its rates seven times, or 34 percent, without going before the PSC, as required by an earlier agreement with the state. LIPA has included costs within its fuel surcharges that are not part of the industry standards and which the PSC would not allow other utilities to include.