FOR IMMEDIATE RELEASE
December 1, 2006 |
Contact Information:
Media Relations: (516) 719-9892
Media Pager: (516) 229-7248
media.relations@lipower.org
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Statement by
Richard M. Kessel
Chairman, Long Island Power Authority
“Contrary to the misleading front-page headline of today’s Newsday, LIPA
started giving back to its customers the full $156 million in lower fuel and
purchased power costs by reducing its Power Supply Charge in October by 7.6%.
“The Power Supply Charge reduction, which lowers the overall bill by 4%, will
be held through 2007.
“Holding bills at the reduced level will return the full $156 million to our
customers.
“As has been stated publicly and carried by the media on numerous occasions
in recent months, if fuel and purchased power costs decrease further in the
months ahead, LIPA will lower the Power Supply Charge further.” |
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LIPA, a non-profit municipal electric provider, owns the
retail electric Transmission and Distribution System on Long Island and provides
electric service to more than 1.1 million customers in Nassau and Suffolk
counties and the Rockaway Peninsula in Queens. LIPA is the 2nd largest municipal
electric utility in the nation in terms of electric revenues, 3rd largest in
terms of customers served and the 7th largest in terms of electricity delivered.
In 2006, LIPA outperformed all other overhead electric utilities in New York
State in all three major reliability categories. LIPA does not provide natural
gas service or own any on-island generating assets. More information about LIPA
can be found online at: http://www.lipower.org
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