2 UTILITIES LACK STORM INSURANCE TO COVER GLORIA
Two electric power companies serving Connecticut and Long Island - the areas of the New York region hit hardest by Hurricane Gloria - said yesterday that they had no insurance to cover the damage inflicted by the storm. One of the utilities said it would probably seek a rate increase to cover part of the costs. ''We do not have insurance for the type of activity that took place,'' said Emmanuel Forde, a spokesman for Northeast Utilities, which supplies electricity to about one million customers in Connecticut. ''We had been insured by Lloyd's, but that coverage was discontinued as of July 1.'' A spokesman for the Long Island Lighting Company, Carol Clawson, said the utility, serving more than one million homes and businesses in Nassau and Suffolk Counties, was also not insured against hurricane damage. She said that Lilco has a ''storm restoration fund'' but that it was ''in a negative cash-flow position from prior storms.''