Monday, December 11, 2006

Keyspan's Cleanup Costs

NY Newsday:
On the heels of a lawsuit by Bay Shore residents against KeySpan Corp. claiming negligence tied to toxic gas manufacturing plant sites in the region, the Suffolk County Legislature this week passed a resolution seeking to prevent KeySpan and proposed owner National Grid from dumping cleanup costs on ratepayers.

The resolution directs the county attorney to intervene in pending hearings on the buyout before the state Public Service Commission specifically relating to the cleanup costs.

Legis. Wayne Horsley (D-Babylon), who sponsored the resolution, said it's essential that ratepayers not be stuck holding the bill, which he estimated at upward of $450 million - a figure KeySpan disputes. "That would be devastating to the ratepayers of Long Island," Horsley said.