Lilco Panel Sees Need For Details On Rate Cut
AS details of a plan endorsed by Gov. George E. Pataki to cut electric rates emerged last week, several trustees of the Long Island Power Authority said they were not prepared to vote on the proposal. The authority's approval would be a required first step in a one-to-two year process that Mr. Pataki said would drive the Long Island Lighting Company from the energy industry on Long Island and reduce rates 12 percent for at least five years. Although 9 of the 15 trustees of the authority are appointees of Mr. Pataki, several appeared to be unwilling to rush ahead with the plan. The majority leader of the State Senate, Joseph L. Bruno, Republican of Rensselaer, and Speaker Sheldon Silver, Democrat of Manhattan, each appointed three trustees.