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PULP on Hochul's Ratepayer Protection Plan
Governor Hochul has proposed a ratepayer protection plan aims to try to reign in soaring utility costs. When requesting rate increases, utilities will be required to present a budget constrained option that keeps their operating and capital costs below the rate of inflation. This exercise will require utilities to prioritize efficiency and affordability and prove why any spending is truly necessary before asking customers to foot the bill. Laurie Wheelock of the Public Utility Law Project, which represents low-income consumers, talks to Mark Dunlea of Hudson Mohawk Magazine about the…
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