ALBANY – New York’s Public Service Commission had denied National Grid’s rate increase request.
The utility proposed a increase by more than one-third, an increase of around $100.4 million for electric delivery and $41.8 million for natural gas delivery.
The commission’s decision keeps yearly increases by the utility below two percent. The decision will last for the next three years’ time.
National Grid provides electricity service to around 1.6 million upstate New York customers and gas services to around 600,000 households upstate.
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