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#969024 --- 01/28/09 09:53 AM NYSEG asking for a 9 % increase.
BraveHeart Offline
Gold Member

Registered: 04/12/00
Posts: 17740
Loc: TOV Seneca Falls
Get this, they say partially due to the credit crunch they want a better than 9% increase. And you know what the PSC will give it to them.

BOHICA
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To the devil and the deep blue sea
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#969032 --- 01/28/09 10:00 AM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
Senecamom Offline
Senior Member

Registered: 02/03/06
Posts: 7411
Loc: On a journey......
Ha! bohica!!
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~Out beyond ideas of wrongdoing and rightdoing, there is a field. I'll meet you there.~

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#969034 --- 01/28/09 10:01 AM Re: NYSEG asking for a 9 % increase. [Re: Senecamom]
Z Genius Lusifer Offline
Diamond Member

Registered: 11/16/01
Posts: 27999
Loc: inside your head & under your ...
Just like EXCELLUS asks for 15% increases and they get them.....
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Humble genius to the humanities & politicians

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#969054 --- 01/28/09 10:15 AM Re: NYSEG asking for a 9 % increase. [Re: Z Genius Lusifer]
Senecamom Offline
Senior Member

Registered: 02/03/06
Posts: 7411
Loc: On a journey......


PRESS RELEASE
NYSEG and RG&E Ask PSC for Prompt Action to Address Effects of Credit Crisis


ROCHESTER, N.Y., Jan 27, 2009 /PRNewswire via COMTEX/ -- Proposals Outline Important Investments in Infrastructure, Reliability, Growth, Low-Income Aid and Energy Efficiency
NYSEG and RG&E have filed rate requests asking the New York State Public Service Commission (PSC) for an increase in rates for electricity and natural gas delivery service.

The rate requests would ensure that the companies have sufficient cash flow for infrastructure investment and the continued provision of safe and reliable service.
The companies are forecasting a significant shortfall in cash needed to make required infrastructure investments. For NYSEG and RG&E these liquidity challenges have been intensified by the companies' "BBB" level credit ratings, which are the lowest bond ratings of any major electricity or natural gas utility in the state.

While considered "investment grade," in the current credit crisis these ratings have meant dramatically higher costs and periodically lower availability of essential capital.
Historically, the PSC has preferred having New York State utilities maintain "A" level credit ratings. NYSEG and RG&E share this goal, and have designed the rate requests in a manner that would begin moving the companies toward the achievement of an "A" level credit rating and a reduction in borrowing costs.


If approved, the rate requests would also provide for significant investment over a two-year period to improve reliability, enhance and accelerate energy efficiency programs, help low-income customers, increase renewable energy generation, stimulate regional economic growth, and ensure that safe and reliable service is not jeopardized.


The companies' investment plans call for:

-- Potentially investing more than $800 million in capital investment to improve reliability, expand infrastructure and increase the generation of renewable hydropower.

These investments would significantly boost regional economic development and move New York closer to Governor David Paterson's goal of having New York meet 45% of its electricity needs through improved energy efficiency and clean renewable energy.


-- Increasing by more than $20 million the operating companies' support for aid to low-income customers, a need that is burgeoning in the current economic decline.


-- Developing enhanced energy efficiency programs with a goal of reducing customer bills through less energy consumption.


-- Committing $50 million annually to continue the environmental clean-up of manufactured gas plant and other sites in cooperation with the state Department of Environmental Conservation (DEC).


-- Improving reliability by implementing an enhanced vegetation management program.


The increase in the average NYSEG residential electricity bill would be approximately $8.80 per month (9.9%) and the average NYSEG residential natural gas bill would increase approximately $12.20 per month (8.8%). The increase in the average RG&E residential electricity bill would be approximately $8.80 per month (11.9%) and the average RG&E residential natural gas bill would increase approximately $7.88 per month (7.4%).


NYSEG and RG&E's electricity delivery rates have not increased since 1996, and have been decreased twice since then. Natural gas delivery rates have been essentially flat since 1994.

NYSEG and RG&E have asked the PSC to consider and approve the requests by July 1 in recognition of the significant financial harm caused by the global credit crisis and the fact that the utilities face a significant cash shortage due to an increase in uncollectible bills, reduced sales due to a decrease in economic activity, property taxes that have long been among the nation's highest, and other steadily increasing business costs such as pensions and health care.

Collectively, these factors are undermining NYSEG and RG&E's ability to fund infrastructure investments needed to keep service safe and reliable.

About NYSEG and RG&E: NYSEG and RG&E are subsidiaries of Energy East Corporation, a super-regional energy services and delivery company in the Northeast. NYSEG serves 872,000 electricity customers and 256,000 natural gas customers across more than 40% of upstate New York. RG&E serves 360,000 electricity customers and 297,000 natural gas customers in a nine-county region centered on the City of Rochester.

By providing outstanding customer service and meeting customers' energy requirements in an environmentally-responsible manner, NYSEG and RG&E will continue to be valuable assets to the communities they serve.



For more information, visit nyseg.com and rge.com.
SOURCE NYSEG; RG&E
http://www.nyseg.com
_________________________
~Out beyond ideas of wrongdoing and rightdoing, there is a field. I'll meet you there.~

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#969072 --- 01/28/09 10:35 AM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
antnee Offline
Member

Registered: 07/30/08
Posts: 415
Loc: new york, usa
Time to move the hell out of New York!

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#969366 --- 01/28/09 06:03 PM Re: NYSEG asking for a 9 % increase. [Re: Senecamom]
SFisWonderful Offline
Senior Member

Registered: 03/30/08
Posts: 1928
Loc: NEW YORK
Ohhh. . .I love helping the "low income" customers! Maybe they need more? What more can I do? Do your kids need clothes? How is your car running? Do you want a new one?

How 'bout this. . .get A job or a SECOND job or cut your weed and/or alcohol habit! ! !

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#969368 --- 01/28/09 06:05 PM Re: NYSEG asking for a 9 % increase. [Re: SFisWonderful]
Yetta Nother Offline
Gold Member

Registered: 12/26/06
Posts: 17682
Loc: Sunny and warm
NYSEG makes me sick! As if people aren't starving already. The Electric Mafia hard at work.
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Never go to a doctor whose office plants have died...

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#969371 --- 01/28/09 06:11 PM Re: NYSEG asking for a 9 % increase. [Re: Senecamom]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32556
Loc: USA
Natural gas trading near $4.476 down from over $14.
When will the customers see their natural gas rates drop the same percentage?




NGG09.NYM Natural Gas Feb 09 4.476 2:55PM ET 0.027 (0.60%)
NGH09.NYM Natural Gas Mar 09 4.431 6:12PM ET 0.011 (0.25%)
NGJ09.NYM Natural Gas Apr 09 4.491 5:45PM ET 0.015 (0.33%)
NGK09.NYM Natural Gas May 09 4.566 5:45PM ET 0.017 (0.37%)
NGM09.NYM Natural Gas Jun 09 4.669 5:45PM ET 0.017 (0.36%)
NGN09.NYM Natural Gas Jul 09 4.794 5:45PM ET 0.017 (0.35%)
NGQ09.NYM Natural Gas Aug 09 4.891 2:50PM ET 0.016 (0.33%)
NGU09.NYM Natural Gas Sep 09 4.949 5:45PM ET 0.015 (0.30%)
NGV09.NYM Natural Gas Oct 09 5.076 5:45PM ET 0.015 (0.29%)
NGX09.NYM Natural Gas Nov 09 5.661 5:45PM ET 0.025 (0.44%)
NGZ09.NYM Natural Gas Dec 09 6.291 5:45PM ET 0.025 (0.40%)
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#969381 --- 01/28/09 06:24 PM Re: NYSEG asking for a 9 % increase. [Re: bluezone]
BraveHeart Offline
Gold Member

Registered: 04/12/00
Posts: 17740
Loc: TOV Seneca Falls
Originally Posted By: bluezone
Natural gas trading near $4.476 down from over $14.
When will the customers see their natural gas rates drop the same percentage?




NGG09.NYM Natural Gas Feb 09 4.476 2:55PM ET 0.027 (0.60%)
NGH09.NYM Natural Gas Mar 09 4.431 6:12PM ET 0.011 (0.25%)
NGJ09.NYM Natural Gas Apr 09 4.491 5:45PM ET 0.015 (0.33%)
NGK09.NYM Natural Gas May 09 4.566 5:45PM ET 0.017 (0.37%)
NGM09.NYM Natural Gas Jun 09 4.669 5:45PM ET 0.017 (0.36%)
NGN09.NYM Natural Gas Jul 09 4.794 5:45PM ET 0.017 (0.35%)
NGQ09.NYM Natural Gas Aug 09 4.891 2:50PM ET 0.016 (0.33%)
NGU09.NYM Natural Gas Sep 09 4.949 5:45PM ET 0.015 (0.30%)
NGV09.NYM Natural Gas Oct 09 5.076 5:45PM ET 0.015 (0.29%)
NGX09.NYM Natural Gas Nov 09 5.661 5:45PM ET 0.025 (0.44%)
NGZ09.NYM Natural Gas Dec 09 6.291 5:45PM ET 0.025 (0.40%)


You wont
_________________________
Wholl drink a toast with me
To the devil and the deep blue sea
Gold drives a man to dream
AMF

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#969382 --- 01/28/09 06:24 PM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
BraveHeart Offline
Gold Member

Registered: 04/12/00
Posts: 17740
Loc: TOV Seneca Falls
Complain to the PSC
_________________________
Wholl drink a toast with me
To the devil and the deep blue sea
Gold drives a man to dream
AMF

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#969385 --- 01/28/09 06:25 PM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
BraveHeart Offline
Gold Member

Registered: 04/12/00
Posts: 17740
Loc: TOV Seneca Falls
web_questions@dps.state.ny.us
_________________________
Wholl drink a toast with me
To the devil and the deep blue sea
Gold drives a man to dream
AMF

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#969401 --- 01/28/09 06:37 PM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
BraveHeart Offline
Gold Member

Registered: 04/12/00
Posts: 17740
Loc: TOV Seneca Falls
To Whom it may concern.

1) Why do you request input on your web site for the Con-Ed rate increase but not the NYSEG one ?

2) Please do not grant NYSEG the 9.9 rate increase they want. Gas is trading significantly lower than it has been 14$ down to 4 $. This rate increase will put an undue burden on the already over taxed,under paid citizens of central new York.

We do not get 9.9 percent raises, we can not keep taking on greater and greater costs from the utilities.

This state is hemmoraging taxpayers as it is. These kind of increases along with Patterson's new fees and taxes will only drive more out of this state.

Please help us and stop this madness.
_________________________
Wholl drink a toast with me
To the devil and the deep blue sea
Gold drives a man to dream
AMF

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#969447 --- 01/28/09 07:16 PM Re: NYSEG asking for a 9 % increase. [Re: BraveHeart]
jojotaxpayer Offline
Senior Member

Registered: 04/04/08
Posts: 2500
Loc: Ontario County
CROOKS! Thieves!

WT@#$% anyways?

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#969849 --- 01/29/09 07:14 AM Re: NYSEG asking for a 9 % increase. [Re: jojotaxpayer]
sassyone Offline
Silver Member

Registered: 05/26/01
Posts: 11439
Loc: Seneca Falls,NY,
This is liable to tip enough people over the edge between being able to "just" pay their bills, to being among the group asking for HEAP. Maybe if more and more people asked for HEAP they would understand. Ok, probably not.

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#969851 --- 01/29/09 07:19 AM Re: NYSEG asking for a 9 % increase. [Re: sassyone]
Sweetcakes Offline
Senior Member

Registered: 11/25/00
Posts: 3031
Loc: Southeast of Disorder
Are dinners still part of the package for the lineman?

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#969852 --- 01/29/09 07:23 AM Re: NYSEG asking for a 9 % increase. [Re: antnee]
threeputt Offline
Senior Member

Registered: 12/08/01
Posts: 2800
Loc: Waterloo
Originally Posted By: antnee
Time to move the hell out of New York!


I wish I had a dime for every time someone says that!

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#969853 --- 01/29/09 07:30 AM Re: NYSEG asking for a 9 % increase. [Re: threeputt]
sassyone Offline
Silver Member

Registered: 05/26/01
Posts: 11439
Loc: Seneca Falls,NY,
Sweetcakes, I'm sorry I don't know anything about dinners for linemen. Not sure what you are talking about.

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#969858 --- 01/29/09 07:44 AM Re: NYSEG asking for a 9 % increase. [Re: sassyone]
Sweetcakes Offline
Senior Member

Registered: 11/25/00
Posts: 3031
Loc: Southeast of Disorder
Years ago after they went out on a emergency they'd go out to dinner..

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#969895 --- 01/29/09 09:25 AM Re: NYSEG asking for a 9 % increase. [Re: Sweetcakes]
Taxpayer14456 Offline
Senior Member

Registered: 08/23/06
Posts: 8109
Loc: Geneva
Originally Posted By: Sweetcakes
Are dinners still part of the package for the lineman?



Yes. We are not just talking about the linemen getting a luch break, they get to go to a restaurant and have a meal. NYSEG has accounts at several restaurants around.

Let's not forget that NYSEG and RG&E are one in the same company and they are both asking for rate increases.
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Maybe we should chug on over to mamby pamby land...

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#969911 --- 01/29/09 09:44 AM Re: NYSEG asking for a 9 % increase. [Re: Taxpayer14456]
trump Offline
Senior Member

Registered: 11/15/08
Posts: 887
Loc: USA
In the Hometown Review this morning:

"Despite the high cost of living, it remains popular."
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http://www.nocayugalandintotrust.net

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