The natural gas and electric utility giant has proposed gas-use increases of 17% for its New York City residential customers and 16% for Long Islanders.
The natural gas and electric utility giant has proposed gas-use increases of 17% for its New York City residential customers and 16% for Long Islanders, with the company blaming inflationary costs and government green-energy requirements.
The average customer on Long Island and the Rockaway Peninsula could see a bill increase of about $28.52 a month. The utility says it needs a total of $414 million more from city customers and $228 million from Long Island ratepayers to make “investments to enable the company to deliver safer, more reliable and cleaner energy.”
“State regulators pour over the utility’s books to identify ways to cut costs,” PSC spokesman James Denn told The Post in a statement Tuesday.“For the major electric and gas utilities, the approved rates after this process are nearly always dramatically lower than what is requested, due entirely to this time-tested stakeholder review process.National Grid blamed state and federal mandates and climate-change policies as partly responsible for its fat-pitched hike.
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