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Reports on the increase in asking rates for office spaces in Long Island, New York. Factors attributed to the usually low asking rents in the tri-state region; Asking rent for premier office buildings including the EAB Plaza in Uniondale and the class A office facility nearing completion at the Reckson Executive Park in Melville; Vacancy and asking rates in northern New Jersey and across the Hudson in Fort Lee.

Reports on Long Island, New York businessmen's efforts to control the area's high energy costs. Energy costs as a hindrance to the economic recovery of Long Island (LI); Deregulation and competition as proposed measures; LI Lighting Co.'s (LILCO) rates as being higher than that of other areas; Calls for management changes at LILCO.

Examines New York Governor George Pataki's proposal to break up Long Island Lighting Co. (Lilco) to effect a cut on electric rates. Sale of the transmission and distribution system to Long Island Power Authority (LIPA); LIPA's refinancing of Lilco's outstanding debt and equity securities; Questions posed by Gimme Credit author Carol Levenson; Reasons why Pataki favors the Lilco breakup.

Reports on state Legislator Joe Rizzo's filing of a legislation seeking congressional help in rolling back cable rates in Long Island, New York. Terms of the legislative filing; Cable rate increase in Long Island in January 1998.

Reports on bank earnings in Long Island, New York and reports on effect on them of the reduction by Federal Deposit Insurance Corp. of bank insurance rates. Conestoga Bancorp; North Fork Bancorp; Astoria Financial Corp; First of LI; NY Bancorp Inc.