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Schumer legislation would cut LIPA bills
Legislation Would Help Long Islander's Save Hundreds on Their Electric Bills
The solution to LIPA's woes lies in legislation that would allow the authority to cut bills by at least 5 percent through refinancing of the authority's hefty borrowing, says Sen. Charles Schumer.
The legislation, Schumer said, would extend the Rural Electrification Act to include public utilities, including LIPA, in urban and suburban regions. It would give LIPA access to low-interest and...
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