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NYSEG wants rate increase

New York State Electric & Gas Corp. customers will be paying more for electric and natural gas service by next May if New York regulators approve a rate increase requested by the utility.

The proposed increase would raise average residential electric bills by $8 a month and average residential natural gas bills by $10 a month. Increases could be higher or lower based on usage and service classification.

New York’s Public Service Commission will review the utility’s request for higher rates over the next year. Staff will assess data from the company in support of the rate increase and those in opposition to the increase and conduct a round of public hearings in NYSEG service territories across the state.

Read full article at Press Connects