NYSEG and RG&E plan rate increase

NYSEG and RG&E customers can expect a rate increase in May. The Public Service Commission had scheduled an evidentiary hearing regarding the rate proposal for Monday. Earlier this week, the utilities providing notice that an agreement in principle has been reached among the Companies, the Department of Public Service Staff and other parties. The agreement, according to News 10, shows the price NYSEG customers pay for electric delivery would rise by 23.7%. That's an average bill increase of about $10 per month. For RG&E customers, electric delivery would increase by about 5% or about $3 more per month.