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NYSEG outlines $677M Ithaca-area plan, warns of proposed bill increases as county considers advocacy
Summary
NYSEG and county staff briefed the committee on the utility’s recently filed rate case, describing major capital investments, an option for a multi-year settlement, and possible customer-bill impacts; county staff will return to the committee for instructions on what to advocate in the proceeding.
NYSEG officials told the Tompkins County Planning, Energy and Environmental Quality Committee on Aug. 11 that the utility has filed a one-year rate plan under state law and is proposing a multi‑year settlement to finance major electric and gas investments, including projects targeted to the Ithaca division.
NYSEG filed required materials on June 30, which initiated an administrative proceeding before the New York Public Service Commission and trial staff. Tim Ellis, vice president of state government relations for NYSEG, said the filing proposes a revenue requirement in the several-hundred-million-dollar range for the first year and included a proposed multi-year investment plan to smooth costs and aid long-term planning.
"What our hope is . . . is to work with the Department of Public Service and all the parties involved to reach an agreement that weighs the balance of the investments that need to be made in the grid…
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