National Grid customers in Upstate New York may soon see higher utility bills. The company is asking state officials for a $673 million rate increase.
Customers called the prospect of a rate increase that significant ‘devastating’.
National Grid’s proposal includes a $525 million increase for electricity and $148 million for gas over four years. Jared Paventi, National Grid’s communications manager, said the funds will improve infrastructure and service reliability. If approved, the average homeowner’s electric bill could go up by $18.92 monthly, and gas by $18.34. The proposal also includes more support for low-income customers. The state’s Public Service Commission may adjust the final rates before approval.
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