LIPA: No Rate Hike Despite $950M Repair Bill
Published at 9:41 AM EST on Dec 7, 2012
The Long Island Power Authority says its repair bill from Sandy could hit $950 million.
According to Newsday, LIPA trustees have been told that federal reimbursements could cover all of that amount.
It says that means the utility won't raise rates — at least for now.
Copyright Associated Press / NBC New York