LIPA Says It Won’t Raise Rates Because Of Sandy
MINEOLA, N.Y. (CBSNewYork) - After having no electricty for weeks after superstorm Sandy, the Long Island Power Authority has some good news for customers.
WCBS 880’s Sophia Hall On The Story
LIPA COO Michael Hervey says Sandy was the most expensive destructive and powerful storm, from an electrical standpoint, that Long Island has ever seen.
“This is a very expensive storm, obviously. We had massive crews deployed and it’s up over $900 million,” he told WCBS 880 reporter Sophia Hall on Friday. “Long Island really took the brunt of the storm when you stand back and look at it – over 40,000 damage locations to the electric system.”
“But the good news is that right now we’re planning for reimbursement for that cost from the federal government,” he said. “If that happens, what we’re going to do is go into next year without any rate increase.”
Hervey said the normal reimbursement would be about 75 percent, but the federal government and the state government and the governor are working together to get full reimbursement.
Ratepayers have seen increases the past two years.
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