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Hoyt Opposes Residential Electric Rate Hike

Assemblymember
Sam Hoyt (D-Buffalo, Grand Island) sent a letter to the Public Service
Commission (PSC) stating his strong opposition to steep rate increases proposed
by NYSEG.  The PSC is holding a hearing in Albany today to determine
whether or not the proposal for a rate increase can move forward.

“Our economy
is reeling from the long lasting impact of a recession and it seems callous and
unfair to expect utility customers to pay the outrageous rate increases NYSEG
is demanding,” said Hoyt.

NYSEG
proposes raising the residential electric rate 18.6% and raising the
residential gas heating rate 17.4%.  Estimates indicate that this could
raise the electric bill for families by as much as $12 per month for
electricity and $25 per month for natural gas.   NYSEG serves 870,000
residential customers across Upstate New York.  (See Niagara Gazette story.) http://www.niagara-gazette.com/local/local_story_261210846.html

Hoyt said “Natural
gas prices have gone down with most other utilities and transmission costs for
electric and gas have also dropped.  Asking for such large rate increases
during a time of national financial hardship and high unemployment rates,
particularly considering how hard economic difficulties have hit Upstate New
York, is just wrong.”

 

Written by Buffalo Rising

Buffalo Rising

Sometimes the authors at Buffalo Rising work on collaborative efforts in order to cover various events and stories. These posts can not be attributed to one single author, as it is a combined effort. Often times a formation of a post gets started by one writer and passed along to one or more writers before completion. At times there are author attributions at the end of one of these posts. Other times, “Buffalo Rising” is simply offered up as the creator of the article. In either case, the writing is original to Buffalo Rising.

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