City of Ithaca Sustainability & Climate Justice Commission AgendaPacket 2026-06-08
PSC Sets Temporary Rate Increases for NYSEG
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Description
The New York State Public Service Commission approved temporary rate increases for NYSEG effective June 1, 2026. These rates are lower than requested by the utility and will remain in effect pending a final determination by the Commission.
Contract Details
Contract Amount
Temporary rate increases: 3.7% electric, 0.5% gas; Annual revenue impact approximately $66.9 million (electric), $26.4 million (gas) (DPS staff recommendation)
Vendor
NEW YORK STATE ELECTRIC & GAS CORPORATION
Agency
City of Ithaca, NY
Contract Type
UTILITIES
Document Date
June 8, 2026
Contract Term
Temporary rates effective June 1, 2026 until final order (final rate expected in coming months)
Renewal Info
Rates will be reset upon PSC final rate case determination; temporary rates are a stopgap and may be adjusted or replaced at final order.
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