LIPA Customers To See Power Bill Hike

GARDEN CITY, N.Y. (AP) — The Long Island Power Authority said it’s doubling the amount it budgets for storm damage.

As much as $50 million is being set aside to respond to storms in the 2011 budget. That’s a $23 million increase over this year’s reserve.

The increase means the typical customer will see bills increase $1.50 a month.

The utility said the past two storm seasons have been unusually severe.

LIPA chief operating officer Michael Hervey said he’d rather be overprepared the next time a storm threatens Long Island.

About $54 million of the $180 million spent this year on storms is expected to be reimbursed by the Federal Emergency Management Agency.

(Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • DanTe

    I agree with Bob Henning. Those CEO’s should be paid the same as a janitor like Henning. After all, janitors like Henning is equally capable of running multi-million dollar corporations and allocate resources.

  • Bob Henning

    The CEOs of these Utility Companies which of course have Many Influencial Political Friends in high Places make Millions Anually for the Forced Rape of their Customers.. It isn`t bad enough that people Lose their Jobs, Tjheir Homes and thewir Savings, You can always count on the Utility Companies to kick you in the Balls while you`re down.

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