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RG&E, NYSEG seeking sizable rate increases
You may need to brace yourself for thicker sweaters and thinner wallets next year, as Rochester Gas & Electric and New York State Electric and Gas are seeking sizable rate increases.
If approved by the state Public Service Commission, the higher rates could go into effect by August 2010 and raise the average bills of households served by the utilities by roughly $400 to $450 a year. ...The PSC has an 11-month deadline for ruling on the request. No dates have been set for hearings.
September 19, 2009
by Matthew Daneman
in Democrat and Chronicle
You may need to brace yourself for thicker sweaters and thinner wallets next year, as Rochester Gas & Electric and New York State Electric and Gas are seeking sizable rate increases.
If approved by the state Public Service Commission, the higher rates could go into effect by August 2010 and raise the average bills of households served by the utilities by roughly $400 to $450 a year.
According to the companies, which are owned by the Spanish utility Iberdrola SA, the increases are needed because of rising expenses. The two indicated that with the added income, they would increase their investments in... [continue via Web link]
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