NYSEG, RG&E submit updated rate case to Public Service Commission: How much would prices go up? - FingerLakes1.com
NYSEG, RG&E submit updated rate case to Public Service Commission: How much would prices go up? | Fingerlakes1.com
Rochester Gas and Electric (RG&E) and New York State Electric & Gas (NYSEG) have submitted a new rate case to the New York Public Service Commission.
The proposed plan, agreed upon in part by several consumer, environmental, and industry groups, would increase RG&E’s electric rates by 16% and gas prices by almost 11% over a three-year period.
This comes down from their initial request for a 22% hike.
To counter outages that affected 600,000 customers in 2022 due to infrastructure issues, the companies plan to invest in a $34 million grid automation for remote outage management and the implementation of state clean energy goals.
Additional measures include the accelerated installation of 45,000 poles and regular tree trimming for weather resiliency.
The proposal is currently pending, with hearings to be held by the Public Service Commission later this year.
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