RG Proposes Rate Hike, Public Hearings Scheduled for Feedback

What's Happening?

Rochester Gas & Electric (RG&E) is proposing an increase in customer bills, with public hearings scheduled for September 30 at Rochester City Hall. The proposed rate hike would see monthly delivery bills for customers using 600 kilowatt hours of electricity and 83 therms of gas increase by $33.01 and $18.87, respectively. RG&E aims to raise $220 million in electric delivery revenue and $72.9 million in natural gas delivery revenue. The company seeks to increase its return on equity from 9.2% to 10%, which would help attract capital for maintaining its system. The rate increase is intended to fund infrastructure improvements, but climate groups argue it contradicts the state's climate goals.

Why It's Important?

The proposed rate hike by RG&E is significant as it impacts the cost of living for residents and businesses in the area. The increase in utility bills could strain household budgets and affect local businesses' operational costs. Additionally, the proposal raises questions about the balance between necessary infrastructure investments and the state's climate objectives. Climate advocates argue that continued investment in gas infrastructure may hinder progress towards renewable energy goals. The public hearings provide a platform for residents to express their concerns and influence the decision-making process, highlighting the importance of public participation in utility rate cases.

What's Next?

The public hearings on September 30 will allow residents to voice their opinions on the proposed rate increases. The feedback gathered will be considered by the state Public Service Commission, which will ultimately decide on the approval of the rate hike. Stakeholders, including climate advocacy groups, are expected to push for greater investment in renewable energy and question the focus on gas infrastructure. The outcome of these hearings could influence future utility pricing and investment strategies, potentially impacting the region's energy landscape and climate policy alignment.