Assemblyman Tom McKevitt (R,C,I – East Meadow) 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 will now go to the state Senate for consideration.
“Long Islanders have been paying high fees over the past couple of months, and we are trying to prevent unreasonable rate increases in the future,” stated McKevitt. “Fuel prices are already at record levels, and additional fees are simply compounding the problem.”
In the past five years, LIPA’s rates have increased 34 percent. None of their fee increases have gone before the PSC, as is required by an earlier agreement with the state. Some of the charges associated with their fuel costs are not part of the industry standard, and the PSC can prevent these from occurring in the future.
“People do not have the option to choose which power company to conduct business with,” said McKevitt. “Therefore, we need to make sure that they are getting the best deal possible. These new requirements will ensure that LIPA’s charges are fair and reasonable.”