Schumer Urges NY PSC to Reject Energy East's Ratehike Request; Asks Instead for Audit of $275 Million Set-Aside Pledged as Part of Recent Merger to Ward Off Premature Rate Hikes
September 23, 2009
September 23, 2009
WASHINGTON, Sept. 23 -- The office of Sen. Charles E. Schumer, D-N.Y., issued the following news release:
U.S. Senator Charles E. Schumer today called on the Public Service Commission (PSC) to reject Energy East's request to raise gas and electric rates on nearly 1.5 million New York ratepayers. Schumer said that before the PSC even considers a rate hike, it should determine if the money Iberdrola set aside, in part to ward off premature rate hikes, as part of its purchase of Ener . . .
U.S. Senator Charles E. Schumer today called on the Public Service Commission (PSC) to reject Energy East's request to raise gas and electric rates on nearly 1.5 million New York ratepayers. Schumer said that before the PSC even considers a rate hike, it should determine if the money Iberdrola set aside, in part to ward off premature rate hikes, as part of its purchase of Ener . . .