On December 16, 2015, the Board of Trustees of the Long Island Power Authority (LIPA), approved modest increases to the electric delivery rates for 2016-2018 to fund vital electric grid improvements.
The approval from the Board follows an extensive review of the original proposal and subsequent recommendations on the proposed rates by the New York State Department of Public Service (DPS), informational forums and public statement hearings, a technical conference, board meetings and evidentiary hearings.
PSEG Long Island worked collaboratively with LIPA, whose new financial policies will help reduce the impact of the rate increase on customers. These policies, which lower the utility’s reliance on borrowing and reduce the cost of debt, combined with lower fuel costs and purchased power costs, have utility officials expecting lower bills, for most customers, in 2016 as compared to 2015.
For the average residential customer, that translates to a very modest monthly increase in the total bill of $0.65 a month in 2016, $3.33 a month in 2017 and $3.41 a month in 2018.
The investments that PSEG Long Island has made are paying off:
Tree-related power outages are down 60 percent in areas where the new program has been implemented. In 2015, PSEG Long Island trimmed and pruned trees along 2,000 miles of distribution and transmission electric lines to industry best-practice clearance standards.
Learn more about our tree trimming program
99.9 percent overall system reliability as a direct result of targeted replacement of transmission and distribution infrastructure, adding new technology to streamline work management processes, and incorporating more renewable energy and demand-side resources onto the grid.
Learn more about reliability
- Storm Response
Enhancing the storm response program allowed PSEG Long Island to restore power to the more than 82,000 customers that lost power in a severe summer storm in fewer than three days, all while staying in regular contact with customers and elected officials. Visit our Outage Center
- Customer Satisfaction
9 of 10 customers satisfied after calling PSEG Long Island’s call center, indicating that the new call center initiatives, the new mobile My Account features and the new MyAlerts system are all helping customers. Learn more about customer service
- Growing the Long Island economy
PSEG Long Island supports more than 900 local companies by purchasing more than $120 million in goods and services each year. Learn more about our Business Solutions