NY State Public Service Commission Secures $13 Million Ratepayer Refund From NextEra

June 2 (Reuters) - NEW YORK STATE PUBLIC SERVICE COMMISSION:

• SAYS REACHED A SETTLEMENT WITH NEXTERA ENERGY TRANSMISSION NEW YORK, INC. UNDER WHICH NEXTERA WILL RETURN MORE THAN $13 MILLION, PLUS INTEREST, TO NEW YORK RATEPAYERS' POCKETS IN 2026

• SAYS ALL RESIDENTIAL AND COMMERCIAL ELECTRIC CUSTOMERS IN NEW YORK STATE WILL SHARE IN THE REFUND

• SAYS INVESTIGATION REVEALED THAT NEXTERA NY WAS COLLECTING FROM CUSTOMERS COSTS TO PREPARE TRANSMISSION PROJECT PROPOSALS THAT THE COMPANY HOPED WOULD BE SELECTED FOR DEVELOPMENT BY NEW YORK’S GRID OPERATOR

• SAYS UNDER THE TERMS OF THE AGREEMENT, NEXTERA NY WILL NOT AUTOMATICALLY INCLUDE FUTURE PROJECT PROPOSAL COSTS IN ITS RATES