Residential Benefits From Low-Cost Hydropower May Be In Danger

For 40 years, NYSEG residential electricity customers have benefited from an allocation of power from the New York Power Authority's Niagara and St. Lawrence hydroelectric plants. Because of the low cost of this power, NYSEG residential customers will see a nillion benefit in 2006.

Some people are now suggesting that this power should be shifted to economic development instead of using it to benefit residential customers.

We strongly disagree and here's why; If we lose this low-cost power when the contracts for it expire on August 31,2007, NYSEG residential electricity rates would increase 12% to 14.5%.

We're fighting to keep this power for our residential customers and we'll keep you informed about our efforts.