NYSEG and RG&E Invest More than $500 Million in Capital Projects Since 2023
265 projects completed throughout New York State since 2023
$582 million invested to complete large capital projects
BINGHAMTON, N.Y. — May 22, 2025 — New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) today are highlighting the more than $582 million invested in large capital projects since 2023. The Companies continue to prioritize dependable energy for their customers and are investing significantly in ongoing and future capital projects that will benefit approximately 1.9 million customers in the state.
“Our work is far from over,” said Patricia Nilsen, president and CEO of NYSEG and RG&E. “We cannot rest on our achievements because the demand for energy continues to grow and we have to ensure the resiliency of our grid. Our future always begins with understanding and improving the lives of the people we serve, and we will continue to actively modernize our grid to accommodate the needs of our customers both today and tomorrow.”
Since May 1, 2023, NYSEG has invested more than $378 million to complete 216 major projects. Notable projects include a more than $46 million investment in the Wood Street Substation, which was completed this March and strengthens the grid for approximately 35,000 customers in the Company’s Brewster division. NYSEG also invested $28 million in the Dingle Ridge Substation and adjacent circuits to benefit customers in Putnam County. In March, the Company also announced a full rebuild of the Hillcrest Substation in Elmira, investing $16 million to bring improved reliability to thousands.
RG&E has completed 49 projects since May 1, 2023, and invested more than $203 million. Major work includes the expansion of Station 56, which increased reliability to more than 19,000 customers in the Pittsford community. RG&E also spent more than $23 million on the Station 43 Modernization Project in the City of Rochester, which benefitted more than 6,000 residential and commercial customers. The Company’s most recently completed project was a $23 million substation in Sodus that replaced the original substation and switchgear control house that had been in place since 1966.
The $582 million invested by the Companies is just a fraction of the more than $2.4 billion invested since 2023. In addition to capital projects, NYSEG and RG&E invests hundreds of millions of dollars annually into ongoing maintenance, customer focused programs, compliance programs and standards, smart meters, safety, and other improvements. These investments provide customers with reliable access to energy, improve the customer experience, and enable NYSEG and RG&E to remain in compliance with state and federal regulations.
Avangrid, the parent company of NYSEG and RG&E, continues to emphasize grid rebuilding efforts in New York. Avangrid plans to invest $7 billion in the grid through 2030. Major projects anticipating completion in 2025 include substation and line upgrades in the Companies’ Canandaigua, Binghamton, Geneva, Mechanicville, Lancaster, Rochester, Webster, and Hornell Divisions.
Media Contact:
Michael Baggerman