LIPA 2010 study: Rate hike likely with privatization
Photo credit: Jim Peppler | LIPA technicians work on one of two transformers being installed at the LIPA Newbridge Road Substation in Levittown in preparation for the connection of the Neptune Regional Transmission System cable which will bring 660 Megawatts of electricity (the equivalent of two power plants) to Long Island. (Aug. 16, 2006)
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A study commissioned by the Long Island Power Authority in 2010 found that even the most optimistic scenarios for privatizing the agency would result in the need for more revenue through higher electric rates.
It's the second LIPA-commissioned study in three years that has concluded as much. Another, by the Brattle Group in 2011, found that privatization could hike rates 15 percent to 20 percent.
The...
