Energy News for the New York Market
By: Gwendolyn Craig |
New York State Electric and Gas is seeking one of its largest rate increases in years, as it works to upgrade aging infrastructure, protect service from the effects of climate change and handle an ever-changing electric landscape.
The proposed increase, which has to be approved by the state Public […]
By: Daniel Axelrod |
The state Public Service Commission is seeking consumer feedback on double-digit electric and gas rate hikes proposed by New York State Electric & Gas Corporation.
NYSEG is seeking annual increases of $156.7 million or 20.4 percent for electricity revenues and $6.3 million or 3 percent for gas delivery revenues.
By: David Robinson |
New York State Electric & Gas Corp. is seeking a rate increase that would raise the average monthly bill for its electric customers by more than $10 a month.
The proposed rate increase would increase NYSEG’s revenues by nearly $163 million a year and would allow the company to […]
By: Emily Lampa |
NYSEG’s rate plan with the State of New York expired last month. While rates will remain stable for the next year, the rate increase NYSEG is hoping to secure for electrical delivery is significant: 23.7 percent.
If approved, the new rate would go into effect in May 2020.
Documents filed […]
The New York State Public Service Commission announced the cost for electricity supply is expected to remain near historically low levels this summer. In addition, peak power demand forecasts continue to fall thanks in part to Gov. Andrew M. Cuomo’s “Reforming the Energy […]
By: Samuel Haig |
New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] […]