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Reason for 5% Wage Increase – Utility Rates • Fuel Prices – 2022 saw an all time high in gas & diesel. Still relatively high in 2023 • National Fuel – Highs were seen in mid‐2022 and have since come back down. Sept. 2022 – Aug. 2023 average price was $6.92/Mcf • NYSEG – Proposed rate hike agreements over the next three years: 6.6%, 7.3%, 8.2% ‐ NYSEG’s CEO states this will be about $10 increase on customer’s monthly bills and address aging infrastructure and prepare for the state’s transition to green energy (Source: NYSEG Settlement Release June 14, 2023) 47