Avangrid units NYSEG, RG&E energy plan approved by New York state

New York State Electric & Gas and Rochester Gas and Electric, subsidiaries of Avangrid, received approval from the New York Public Service Commission for their Reliable Energy New York plan, which will enable the Utilities to make critical investments in reliability, resiliency, and customer service and help achieve New York’s Climate Leadership and Community Protection goals. The PSC ruling sets electric and gas rates through April 2026 and comes after more than a year of extensive engagement and negotiation with the New York State Department of Public Service and a variety of external stakeholders. It was supported fully or in part by eight intervenors including the staff of the New York State Department of Public Service, IBEW Local Union 10, and the New York Power Authority. “This plan is an investment in the future reliability and resiliency of the New York grid,” said Pedro Azagra, Avangrid CEO. “Each year, the impacts of climate change increase and we need to make investments to not only mitigate these risks for our customers, but also enable more renewable energy like wind and solar. We appreciate the work by the Department of Public Service staff and thoughtful deliberation by the Public Service Commission to bring the “Reliable Energy New York,” plan to fruition.”