PSC Adopts Terms of $10.5 Million Settlement With NYSEG, RG&E Over Failure to Adequately Prepare for 2018 Winter and Spring Storms

Posted to Applied Web NY on Thu, 02/06/2020 - 13:58

ALBANY — The New York State Public Service Commission (Commission) today adopted the terms of a joint proposal — first announced by Governor Andrew M. Cuomo — with New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation that would settle the companies’ liability for alleged violations stemming from companies’ failure to adequately prepare for winter and spring storms in 2018. Under the terms of the agreement, the companies would pay $10.5 million from shareholder funds, to be allocated $9 million to NYSEG and $1.5 million to RG&E.