NYSEG lowers size of rate increase for second time

New York State Electric and Gas Corp. and Rochester Gas and Electric Corp. have again reduced the size of the rate increases they are seeking.

The sister companies, both based in Rochester, had initially sought large increases in what they charge households and businesses for delivering electricity and natural gas.

They sharply reduced the requests after public comment sessions in late April and now have cut them again after negotiations with the staff of the state Public Service Commission.

In a document released Thursday, NYSEG revenue would go up by a three-year total of $104.3 million, down from the $369 million it had been seeking over that span.

RG&E proposes to raise revenue by a total of $71.7 million over three years, down from its most recent request of $50 million per year, or $150 million over three years.

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