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LIPA to refund customers $144 million this year
Photo credit: File / Ed Betz | LIPA is expected to give back $144M to ratepayers for October and November bills. (March 27, 2009)
The Long Island Power Authority, citing lower-than-projected natural gas prices, said it will return $144 million to ratepayers in two installments before year’s end.
The refunds, totaling around $70 for average residential customers, will come in the form of credits on October and November bills. Customers whose bills are higher, particularly businesses and those with all-electric heat who...
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