Albany, NY – New York regulators have approved rates for Orange and Rockland Utilities Inc. that will increase electricity delivery revenue by nearly 6 percent in each of the next three years.
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The Public Service Commission said Thursday the Hudson Valley utility is authorized to take in $15.2 million more each year starting July 1 and ending June 30, 2015.
Residential customers will see their monthly base delivery rate increase from $15.60 to $18 this year, $19 in 2013 and $20 in 2014.
The company said it needed the increases for capital spending, increased return on equity, property taxes, labor costs, and to cover costs from last year’s late summer storms.
its amazing how the people always end up failing!
every time u hear a possible toll hike, they say “we will hold months oh public hearings to hear the publics reaction” and than after hearing the outreach increases and hikes always pass!
no matter what the public says, same thing with the utilities, they ask permission to increase, and after some funny hearings and meeting to end up getting it!
the system failes us time and again
samething now with comunist bloombers controling out food and drinks, he will pass them 1 by 1
sounds more like we leave in bolivia!
This increase is only for the delivery (aka transmission and distribution)portion of O&R’s bills. They haven’t had a base rate increase in several years and have substantially increased their spending on improving reliability during storms, etc. Fortunately, the energy component of the bill, over which they have no control but simply flow-through from the wholesale market, is coming down because natural gas prices have come down so far.
Isn’t natrual gas prices ( n gas is used for utilities) way down? exactly what costs increased over the past year Inflation is down as well?
“The company said it needed the increases for capital spending, increased return on equity . . . .”
Return on equity? Yeah, also known as “profit”.
Not that there’s anything wrong with that. But don’t play us for fools.
Want to see what an expensive electric bill looks like? Check out Con-Ed in NYC. We pay twice what Rockland pays.