Gov. Kathy Hochul has directed the state’s Public Service Department to closely examine proposed rate hikes from NYSEG and RG&E, warning the increases are too high for struggling New Yorkers, according to Spectrum News 1. The utilities are seeking electricity and gas delivery hikes as high as 33.5%.
Hochul emphasized the need to balance grid investment with protecting ratepayers from excessive costs. Utility representatives say the increases are preliminary and meant to fund infrastructure upgrades and meet state mandates.
The review process is expected to take months, with final decisions likely to bring lower figures after negotiation and regulatory scrutiny.
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