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Submitted by the Office of Gov. Kathy Hochul and the Office of New York State Sen. Rob Ortt
Gov. Kathy Hochul today announced she is demanding the New York Power Authority suspend its proposed electric rate hike, protecting consumers from sky-high utility costs that are making New York state less affordable.
“Today, I'm calling for an end to the Power Authority's unacceptable proposal to raise electric rates on its customers statewide,” Hochul said. “Too many New Yorkers are already falling behind on their energy bills, and I will do everything in my power to reign in these astronomical costs. While I recognize the Power Authority’s critical importance in providing invaluable, clean, baseload power from its large hydroelectric power plants upstate, I expect NYPA to go back to the drawing board, shelve this existing proposal, and figure out a better way forward.”
Senate Republican Leader Rob Ortt said, “My colleagues and I in Western New York and the Southern Tier called on NYPA to reconsider disastrous rate hikes that would have been detrimental to communities and businesses in our districts that rely on low-cost power. The proposed increases would have only led to more businesses closing their doors and more New Yorkers fleeing for more affordable states. Today’s decision by the governor to suspend the rate hike is welcome news for residents who are struggling to make ends meet amidst already soaring energy costs.”
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