Business Services Industry
Not Everyone Pleased with New York State Electric and Gas Rate-Freeze Plan.
Knight Ridder/Tribune Business News, April, 2001
By Kenneth Aaron, Times Union, Albany, N.Y. Knight Ridder/Tribune Business News
Apr. 23--New York State Electric and Gas customers must be pleased with their utility's solution to yawing electric prices: For the next seven years, the utility has proposed a rate freeze.
"I look at this plan as really unassailable," said Ralph Tedesco, NYSEG's president.
Yet it has assailants.
Those who would vie with NYSEG for electricity customers, along with some who are watching the energy deregulation frontier, charge the plan has drawbacks. In exchange for stability, NYSEG may be sacrificing the growth of competition -- and subjecting consumers to rates in the future higher than they would have been otherwise.
And while NYSEG says it...
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