LIPA Advances Plan to Freeze Electric Bills for Two Years;
Provide Modest Rebates; Reduce Long-Term Debt
Long Island Power
Authority Chairman (LIPA) Richard M. Kessel today announced the
details of a Ratepayer Protection Plan that seeks to stabilize
LIPA’s electric rates and charges for a minimum of two years,
provides $40 million in cash rebates for customers, and reduces
LIPA’s long-term debt.
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