© 2022
1078x200-header-mic.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Rep. Antonio Delgado will be sworn in as N.Y, Lieutenant Governor on Wednesday
New York News

New York Utility Seeking Rate Hike

New York State Electric & Gas Corp. is seeking a rate hike.

The utility is proposing an increase that 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.

If approved, the increase would raise around $164 million. The money would be used to enhance maintenance of the company's 35,000-mile electric distribution system and strengthen overall security and automation of the network.

The utility suffered $260 million in damage and recovery costs during Tropical Storm Lee in 2011 and Hurricane Sandy in 2012.

Regulators are expected to review the proposal over the next year.

Copyright 2015 The Associated Press. All rights reserved.