PSC to vote on National Grid rate hike today
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The state Public Service Commission (PSC) is expected to vote today on National Grid’s proposal to raise gas and electric rates for customers across upstate New York.
If approved, the new rates would take effect in September and increase the average monthly bill by about $22. Rates would continue to rise each year through 2027, with electric bills up 28% and gas bills up 36% over three years, according to AARP New York.
AARP opposes the plan, calling it a burden for households already struggling with higher costs. Nearly 226,000 National Grid customers, about 10%, are more than two months behind on payments, owing the utility $362 million.
The meeting begins at 10:30 a.m. at Empire State Plaza in Albany.