In May 2015, NYSEG and RG&E submitted a proposed one-year rate plan to the New York State Public Service Commission (PSC).
Following negotiations among parties to the PSC proceeding, in February 2016 we filed a Joint Proposal for a three-year rate plan. The Joint Proposal, which would modify delivery rates starting May 1, 2016 (although bills will not change until June 1, 2016), will keep our residential delivery rates and residential bills among the lowest in the state. (Rate Year 2 would be from May 1, 2017 through April 30, 2018 and Rate Year 3 would be from May 1, 2018 through April 30, 2019.)
The proposed delivery rate changes would be the first for NYSEG and RG&E customers in nearly four years – since September 2012.
The proposed rates provide benefits to customers and allow us to continue investing in our facilities at a reasonable cost to our customers.
Supporters in agreement with this proposal include all major parties and customer groups including the New York State Department of Public Service Staff, the New York State Department of State, Division of Consumer Protection, Utility Intervention Unit; the New York State Office of General Services; Multiple Intervenors; Nucor Steel Auburn, Inc.; Pace Energy and Climate Center; and Wal-Mart Stores East, LP and Sam’s East, Inc.
The Joint Proposal balances the varied interests of all these parties and it would fund a proposed 4-year, $2.1 billion investment in the companies’ electric and natural gas systems.