ALBANY (AP) -- New York regulators are considering a rate hike requested by two upstate utilities four months after their parent company, Energy East, agreed not to seek a rate increase for a year.
The state Public Service Commission will hold a procedural conference Wednesday on the requests from New York State Gas & Electric and Rochester Gas & Electric.
For residential customers, the increases would add about $17 to the average monthly RG&E bill and $21 to the average NYSEG bill.
When its acquisition by the Spanish energy company Iberdrola was approved in September, Energy East agreed not to request a rate hike unless poor economic conditions threatened safety and reliability were at risk without one.
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