(Reuters) - The proposal, filed with New York State regulators, would increase revenue by $1.2 billion, effective April 1, 2008. That represents an 11.6 percent average rise in customer bills, said the company.
Rate would increases an additional $335 million, or 3.2 percent, in 2009 and $390 million, or 3.7 percent, in 2010.
Read more at Reuters.com Market News
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