LIPA Proposes 2007 Operating and Capital Budgets for 07 & 08
Uniondale, NY November 16, 2006The Long Island Power Authority (LIPA)
today released its proposed 2007 Operating and 2007 and 2008 Capital budgets.
LIPA will maintain the 7.6% Power Supply Charge reduction implemented in October
through all of 2007 absent a worldwide energy price crisis and will also
keep its Delivery Charge steady for 2007. Thus, LIPA bills, recently lowered by
4%, will remain at that level for all of next year.
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During this past year, we worked to keep overall
expenditures in check to avoid any bill increases in 2006 so
we could reduce the Power Supply Charge by 7.6% in October
when fuel and purchased power costs began to drop.
Projecting forward for 2007, our goal is to continue to keep
operating expenses as low as possible, and maintain the bill
reduction. If oil and fuel prices continue to decline, a
further bill reduction is possible," said LIPA Chairman
Richard M. Kessel.
