ALBANY — After months of negotiations and public hearings, National Grid has reached a settlement with state regulators to raise gas and electric rates for its upstate customers.
The average residential gas and electric customer will end up paying $600 more than they currently pay over a period of three years if the rate plan is approved by the state Public Service Commission.
Under what is known as a “joint proposal,” the new, higher rates would begin in September, adding roughly $14.32 to an average customer’s monthly electric bill and $7.66 to the customer’s monthly gas bill…