Switchbox @switch.box · Mar 28 Here's the situation: We estimate NY utilities plan to spend $43 billion to replace leak-prone gas pipes by 2050, all of which will be paid back by hiking gas bills. But, gas use in homes and biz fell by 13% 2019-2024 and will likely continue falling as the climate warms and homes go electric. 2/6
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To put these costs in context: New York utilities spent over two billion dollars on pipe replacement in 2022-23 alone. That’s more than twice what the state spent to cut emissions from building gas combustion. #energysky 3/6