Electric bills to rise again in bid to spur new power
Laura Incalcaterra, TJN
Think winter's power bills were high?
Get ready to fork over at least 5 percent more when summer arrives thanks to a payment plan designed to attract new power plants by boosting the amounts companies can charge for peak-use electricity.
Starting Thursday, the Lower Hudson Valley will be joined with New York City into a new zone that the New York Independent System Operator, or NYISO, hopes will encourage power generators to add new capacity in the region.
Details of the new capacity zone, including exactly how much more the power producers can charge, are a moving target as opponents — such as the state Public Service Commission, Rep. Sean Patrick Maloney of Cold Spring and Sen. Charles Schumer — scramble to convince regulatory agencies that the new plan should be rejected.
http://www.lohud.com/story/news/politics/2014/04/30/lower-hudson-valley-faces-power-bill-increases/8517851/