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flag New York's utility companies propose steep rate hikes to fund a $16B upgrade, facing political backlash over affordability.

flag New York's utility companies, NYSEG and RG&E, are struggling with outdated infrastructure and high demand, leading to proposed rate hikes to fund a $16 billion upgrade. flag The hikes would raise bills by $52-$67 monthly, facing backlash from politicians concerned about residents' financial burden. flag Governor Hochul acknowledges the unrealistic timeline for a zero-emission grid by 2040 and is exploring nuclear power as a future solution, though immediate fossil fuel reliance remains due to reliability concerns.

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