New York State Electric and Gas and Rochester Gas and Electric are seeking significant rate increases that Gov. Kathy Hochul called "unacceptably high."
The proposed rate filings submitted to the state Public Service Commission would raise monthly electric bills by 23.7% for NYSEG customers and 26% for RG&E customers. Heating gas bills would increase 33.5% for NYSEG customers and 22.2% for RG&E customers.
NYSEG's average residential electric bills would increase by $33.12 and gas bills would rise by $33.57. For RG&E customers, the average electric and gas bills would increase by $33.01 and $18.87 a month.聽
In their rate filing, NYSEG and RG&E say they have made progress in improving customer service and modernizing systems. However, the companies added that "additional investment is needed to build upon these improvements and provide the level of service that our customers have come to expect."
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According to the filing, the rate increases would raise NYSEG's electric revenues to $464.4 million and its gas revenue to $93 million. RG&E's revenues would be $220.2 million for electric and $72.9 million for gas.
NYSEG and RG&E are required to file a one-year rate plan, but submitted data for a five-year plan. A spokesperson for the companies noted this would spread the increases out and provide price stability for customers.
In a news release, NYSEG and RG&E said the plan is named "Powering NY." The companies explained that up to 40% of its filing would cover legacy costs, including storm recovery, new poles for broadband internet and modernizing the electric grid.
"Our customers deserve a modern, resilient grid and top-notch customer service, and this plan enables us to continue our forward momentum," NYSEG and RG&E CEO Patricia Nilsen said in a statement.
The release from the utility companies included statements of support from The Business Council of New York State, International Brotherhood of Electrical Workers and the New York State Economic Development Council.
Through Powering NY, NYSEG and RG&E will create more than 1,100 jobs, 570 of which will support electric and gas investments, and 539 more to comply with the state's call center law.
But Hochul is among the critics of NYSEG and RG&E's plan to raise rates. She is urging the state Department of Public Service to scrutinize the companies' proposal.
"At a time when New Yorkers are struggling to meet everyday costs, NYSEG and RG&E must find a way to avoid these unacceptably high rate hikes," Hochul said, adding that the department should "ensure these companies have the resources to keep our energy grid going but are not making additional profit off the backs of ratepayers."
If the rate hikes are approved, they would take effect until May 2026.
Unplugging every appliance in the house before going to bed. Squeezing into another layer of clothes instead of raising the thermostat past 60…
Government reporter Robert Harding can be reached at (315) 664-4631 or robert.harding@lee.net. Follow him on X @RobertHarding.