Company Overview of New York State Electric & Gas Corporation
New York State Electric & Gas Corporation engages in the regulated transmission and distribution of electricity in the United States. It also transports, stores, and distributes natural gas. In addition, the company generates electricity from hydroelectric stations. It serves approximately 883,000 electricity and 264,000 natural gas customers in its service territory of approximately 20,000 square miles located in the central, eastern, and western parts of the state of New York. New York State Electric & Gas Corporation was formerly known as New York Electric Corporation and changed its name to New York State Electric & Gas Corporation in August 1929. The company was founded in 1852 and is b...
18 Link Drive
Binghamton, NY 13904
Founded in 1852
Key Executives for New York State Electric & Gas Corporation
Director, Chairman of Energy East Corporation, Chief Executive Officer of Energy East Corporation, President of Energy East Corporation and Director of Energy East Corporation
Chief Executive of Iberdrola Usa
President of Independent Power Producers
Vice President, Treasurer and Controller
Compensation as of Fiscal Year 2015.
New York State Electric & Gas Corporation Key Developments
New York State Electric & Gas Corporation to Pay $2 Million in a Settlement with New York State Public Service Commission
Apr 27 15
The New York State Public Service Commission (Commission) announced that New York State Electric & Gas Corporation shareholders would pay $2 million in a settlement due to the company's failure to comply with rules requiring it to obtain Commission approval prior to expanding its service territory. The agreement calls for NYSEG customers in the Town of Plattsburgh and seven nearby municipalities to receive substantial rebates upon the installation of high-efficiency natural gas furnaces. Under the Public Service Law, a utility must seek and receive approvals before serving any area outside of its authorized service area. On July 29, 2014, NYSEG received authority to serve the entire Town of Plattsburgh. The settlement resolves a dispute where the company had extended service to customers in the area before such authorization. The $2 million settlement is in lieu of the Commission initiating a civil proceeding.
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