NYSEG

The rate agreement will amount to an increase of approximately 24% in costs for NYSEG electric customers, spread out over three years. The utilities say the average residential customer will see an increase of around $10 per month the first year, starting next month.

NYSEG’s proposal would increase electric rates by more than 22%, spread out over a three-year period.

The proposal, released by the utilities (both owned by Avangrid) on Wednesday, calls for an increase that totals 16% in electric rates for RG&E customers spread out over a three-year period.

The laws set standard wages for renewable energy jobs, set higher energy efficiency standards and incentivize thermal energy infrastructure and research.

Home heating prices are up as natural gas supply costs continue to surge worldwide. This comes as households in New York face staggering utility debt, which advocates worry will be difficult to pay back in time.

The 470-acre parcel includes the largest piece of undeveloped shoreline on Cayuga Lake.

"If the auction proceeded, the opportunity to preserve the land for conservation and public access could have been lost forever."

“There has to be some level of 'Wow, this property is something that we would like to open to the public.'"

Under the settlement, NYSEG would halt a proposed pipeline expansion in the Southern Tier and would stop promoting the use of natural gas and commit to net-zero growth in gas sales.

NYSEG electric customers would see about a 2.3% increase in the first year, with the average monthly customer seeing a monthly increase of $2.49.