ALBANY – The State Public Service Committee has approved new electric and gas rates for Orange and Rockland Utilities.
The company says the new rates, approved on Thursday, are necessary to provide for continued safety, reliability and security of O&R’s electric and gas delivery systems.
The new electric rates will take effect in November 1 and continue through October 31, 2017. The new natural gas rates will take effect November 1 and continue through October 31, 2018.
O&R’s electric delivery revenues will increase by $9.3 million in the 12-month period beginning November 1 and $8.8 million in the 12-month period beginning November 1, 2016. The overall bill for a typical residential electric customer using an average of 677 kWh will increase an average of $1.85 per month, from $135.86 to $137.71, or approximately 1.4 percent effective November 1.
Under the new natural gas rates, O&Rs delivery revenues will increase $16.4 million in each year of the plan. The overall natural gas bill for a typical residential gas full service customer using a monthly average of 100 ccf will increase an average of $9.67 per month, from $132.96 to $142.63, or 7.3 percent.