New York – Orange and Rockland Utilities is seeking its first electric delivery rate hike in 14 years.
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If approved by the New York State Public Service Commission, the increase would go into effect in July 2008. A typical residential customer using 677 kilowatt hours of electricity per month would see an average increase of $12.35, or 10.8 percent, in his or her monthly bill.
The rate hike would provide the utility with an additional $47.8 million in revenue per year, representing a 25.7 percent increase in delivery revenue, according to O&R calculations.
The utility says the money is needed to pay for infrastructure expansion and improvements tied to increasing demand for power.
The typical household's electric use has increased 22.5 percent since 1993.
O&R has 97,253 electric customers in Orange County and 9,134 in Sullivan.