New York

NYSEG seeks 13% to 22% rate hikes for electric and gas service

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ALBANY — New York State Electric & Gas is seeking electricity and gas delivery rate hikes of 13 to 22% to finance modernization and upgrades of its upstate New York distribution network.

The increase would take effect May 1 if approved by state regulators and boost the average household’s bill by $10 to $18 per month.

NYSEG has 907,336 electricity customers and 270,204 natural gas customers in upstate New York, including a patch of Saratoga County near Mechanicville, all of southern Schoharie County, and stretches of eastern Rensselaer and Washington counties.

After NYSEG’s announcement late last month, Gov. Kathy Hochul was quick to criticize.

“It’s outrageous and unacceptable that utility companies are proposing the largest rate increase in recent history for more than 1.2 million consumers in upstate New York,” she said in a news release. 

“The Department of Public Service is legally required to review all proposed rate increases, and I urge them to scrutinize every number and word of this proposal to protect New York families from unjustified and unfair rate increases.”

NYSEG and Rochester Gas & Electric, both subsidiaries of Avangrid, call their plan “Reliable Energy New York: Investing in Our Future,” and say it would improve service to the company’s customers.

It would build a more resilient, sustainable and smart system, offer more resources to support customers and local communities, add energy efficiency programs and make investments to enable renewable energy, as well as economic development proposals, they said in a news release.

They said the proposal would increase the average gas and/or electric delivery cost $10 to $18 per month for residential customers.

Categories: Business, Fulton Montgomery Schoharie, News, Saratoga County

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