RG&E and NYSEG are proposing double-digit rate increases for electric and gas service. And it’s drawn a quick rebuke from Gov. Kathy Hochul.
“At a time when New Yorkers are struggling to meet everyday costs, New York State Electric and Gas (NYSEG) and the Rochester Gas and Electric Corporation (RG&E) must find a way to avoid these unacceptably high rate hikes,” Hochul said in a statement.
The filing with the state Department of Public Service seeks to raise several hundred million dollars between the two companies. Average monthly residential bills would increase by $52 a month for RG&E customers, and $67 for NYSEG customers. The companies are requesting spreading that increase over five years, making for less dramatic annual adjustments…