National Grid and NYSEG propose 15% and 31% rate hikes over three years for infrastructure upgrades and climate policies.

National Grid and NYSEG are proposing significant rate hikes for customers, with increases of 15% and 31% over three years, respectively. These hikes aim to fund upgrades to aging infrastructure and meet rising electricity demand linked to climate policies. In New Jersey, electric bills surged due to high usage and energy costs, prompting calls for more renewable energy. Massachusetts will see a smaller increase of 3-3.5%, approved to cover maintenance and operational costs.

October 02, 2024
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