Binghamton, New York – (work wire) – New York State Electric and Gas (NYSEG) and Rochester Gas and Electric (RG&E), two subsidiaries of AVANGRID, Inc. (NYSE: AGR), that the two companies have submitted proposed changes to delivery rates with the New York State Public Service Commission (NYSPSC). The plans are entitledReliable Energy New York: Investing in Our Future,” outline a proposal for each company that includes infrastructure investments for a more resilient, sustainable, and smart system, more resources to support customers and local communities, energy efficiency programs and investments to enable renewable energy, as well as economic development proposals that will help Building cleaner, healthier communities.As inflation and other economic impacts affect customers here in New York and across the country, companies recognize the importance of balancing the critical investments our network requires as well as the needs and expectations of our customers.
Under “Reliable Energy New York” The proposals, NYSEG and RG&E will replace legacy infrastructure and make smart investments for a more resilient system that can reduce the effects of climate change on the energy system. The companies will also encourage and support customers, community partners and commercial customers to adopt sustainable tools and technologies as they transition to clean energy. This transition will reduce their overall impact on the environment and give them more control over their overall energy consumption and costs.
Reliable Energy New York proposes a price structure that would add $10-18 to a residential customer’s average monthly connection costs for electricity or gas, or a 13-22% increase on each total bill. The new delivery rates are proposed to come into effect on May 1, 2023. Even with these proposed increases in delivery rates, companies will continue to have the lowest rates for electricity and gas in New York.
Key Aspects of “Reliable Energy in New York” The plans include investments in:
- reliability and flexibility, Which includes upgrades to critical infrastructure such as substations to reduce the effects of increased flooding, the installation of more than 10,000 new stronger poles per year, tree wire that can withstand more intense and frequent storms, and intelligent and incremental tree pruning driven by data and analytics.
- More customer resources Including increased automated options to reflect our customers’ preferences to interact with us, improved resources for elderly (usually with a fixed income) or low to moderate income (LMI) customers, and additional staff for our customer call centers to respond to customer questions and concerns. We will assist disadvantaged communities and LMI customers through focused energy efficiency program offerings, such as our ongoing collaboration and support for the NYSERDA Empowerment Program, which promotes free energy audits and efficiency upgrades for income-eligible clients. We will provide ongoing referrals from billing assistance programs to low-income people. In addition, continued participation in the statewide Multi-Family Energy Efficiency Program (AMEEP) will allow us to provide free energy audits and efficiency upgrades to low-income, multi-family dwellings.
- Investments in smart technology Including more network automation tools to reduce the effects of outages and remotely manage outages – these investments will mean that when outages occur, they will be identified in advance, power can be restored faster and fewer customers will be affected. Plans also suggest developing an online portal for municipalities to check outage status, impacts on critical facilities and recovery status, and invest in an automated customer communications system to ensure positive contact with customers using life support equipment (LSE) during storms.
- Enable clean energy. New York’s current power grid was not built with renewables in mind. That’s why we’re proposing investments in smart technology that will improve reliability and enable us to connect more renewable energy sources, such as wind and solar, to our system more effectively, efficiently and safely. In addition, our investments will help achieve emissions reductions by supporting the electrification of buildings and transportation. Plans also propose purchasing 11 megawatts of company-owned battery storage and another 70 megawatts of company-owned solar for low-income customers, supporting the adoption of our heat pump program, and expanding our electric vehicle infrastructure by 700% to support New York State’s more than 161,000 electric vehicles in Our service areas by 2025. The Low Income Retail Lighting Program helps customers choose LED light bulbs over traditional incandescent or halogen bulbs through informational signage and discounts at big box stores and local retailers, as well as through donations of LED lights to District Food Banks. In our gas distribution business, we will continue with pipeline replacement programs that are vulnerable to gas leaks as we look for opportunities to invest in blending hydrogen and renewable natural gas.
Under the Public Service Act, the proposed rates in Reliable Energy New York are for one year and will not take effect immediately upon filing; Deposit begins an 11-month process. The process includes review of filings by the Department of Public Service and other interested parties, questions to NYSEG and RG&E, and responsive testimony, as appropriate. During this process, we will seek to enter into discussions with the parties regarding potential multi-year cost recovery to mitigate annual customer impacts.
About NYSEG: New York State Electric & Gas Corporation (NYSEG) is a subsidiary of AVANGRID, Inc. Founded in 1852, NYSEG operates approximately 35,000 miles of electrical distribution lines and 4,500 miles of electrical transmission lines across more than 40% of northern New York. It also operates more than 8,150 miles of natural gas distribution pipeline and 20 miles of transmission gas pipeline. It serves approximately 894,000 electricity customers and 266,000 natural gas customers. For more information visit www.nyseg.com.
About RG&E: Rochester Gas and Electric Corporation (RG&E) is a subsidiary of AVANGRID, Inc. Founded in 1848, RG&E operates approximately 8,800 miles of electric distribution lines and 1,100 miles of electric transmission lines. It also operates approximately 10,600 miles of natural gas distribution pipeline and 105 miles of gas transmission pipeline. It serves approximately 378,500 electric customers and 313,000 natural gas customers in a nine-county area of New York surrounding Rochester. For more information visit www.rge.com.
About Avangard: Aspiring AVANGRID, Inc. (NYSE: AGR) to be the leading sustainable energy company in the United States. AVANGRID is headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 US states, and has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities throughout the United States. AVANGRID employs more than 7,000 people and was recognized by JUST Capital in both 2021 and 2022 as one of only 100 companies – rating of the best American companies. In 2022, AVANGRID ranked second in the utilities sector for its commitment to the environment and the communities it serves. The company supports the United Nations Sustainable Development Goals, and was named among the world’s most ethical companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information visit www.avangrid.com.
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