NYSEG seeks a 10 percent hike in electricity rates

[hrmjustin]

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New York State Electric & Gas Co. is asking state regulators for a rate increase that, if approved, would add about $8 to the average residential customer’s monthly electric bill.

The proposed rate increase would end four years of stable delivery charges for NYSEG’s electric customers and would increase the company’s annual revenues from its electric business by $126 million. The average monthly electric bill for a consumer using 600 kilowatt hours of electricity, would rise by about 10 percent to $88.60 from $80.56.

http://www.buffalonews.com/business/nyseg-seeks-a-10-percent-hike-in-electricity-rates-20150520