NY eyes $672 million bailout for utility customers who are not in low-income programs
“New York utility regulators are considering an unprecedented bailout for hundreds of thousands of households and many small businesses threatened with losing electric and gas service if they don’t pay overdue bills that piled up during the Covid pandemic. The plan would pay off $672 million in debts that residents and small businesses accumulated prior to May 2022, during the worst of the pandemic. Most of that cost would be shifted to all ratepayers in the form of slightly higher bills. Among Upstate customers of National Grid, some 70,000 households owe an average of $2,300 from before the May 2022 cutoff.”