Con Ed proposes electric rate hike

Con Edison is very close to raising its electric rates over the next few months much to the dismay of residents. The utility giant says it still needs final approval but received some support from the

News 12 Staff

Jan 9, 2009, 12:37 AM

Updated 5,608 days ago

Share:

Con Ed proposes electric rate hike
Con Edison is very close to raising its electric rates over the next few months much to the dismay of residents.
The utility giant says it still needs final approval but received some support from the state Public Service Commission earlier this week.
The commission-approved plans call for a 7 percent increase per month for customers come April. This comes after the 4.7 percent increase last year.
Con Ed revealed to the commission that it needs more money due to higher property taxes, hiring programs and infrastructure.
Con Ed issued a statement saying in part ?We recognize difficulties customers face with rising energy costs. We do our part to hold down delivery charges.?


More from News 12
1:53
Hudson Valley unites to help Ukraine, continues local efforts to help war-torn country

Hudson Valley unites to help Ukraine, continues local efforts to help war-torn country

2:23
Mostly cloudy, chance for scattered afternoon showers for Saturday in the Hudson Valley

Mostly cloudy, chance for scattered afternoon showers for Saturday in the Hudson Valley

0:20
Police: Spikes deployed by officers to stop car during pursuit in Town of Bedford

Police: Spikes deployed by officers to stop car during pursuit in Town of Bedford

0:30
Yorktown Grange Fair to celebrate its 100th anniversary this September

Yorktown Grange Fair to celebrate its 100th anniversary this September

1:48
City of Mount Vernon celebrates and reflects 70 years since landmark Brown v. Board of Ed decision

City of Mount Vernon celebrates and reflects 70 years since landmark Brown v. Board of Ed decision

0:27
Man arrested for hate crime at Kingston synagogue

Man arrested for hate crime at Kingston synagogue

0:31
Westchester County DA: Peekskill man pleads guilty to gunning down man in front of his children

Westchester County DA: Peekskill man pleads guilty to gunning down man in front of his children

0:47
Two Middletown state troopers honored for heroism

Two Middletown state troopers honored for heroism

1:44
Caught on camera: Person seen taking down Israeli flag from Rockland County business

Caught on camera: Person seen taking down Israeli flag from Rockland County business

0:59
Man who allegedly set Warwick home of trooper’s family on fire indicted for attempted murder

Man who allegedly set Warwick home of trooper’s family on fire indicted for attempted murder

1:31
DEC tranquilizes, safely relocates bear in Poughkeepsie neighborhood

DEC tranquilizes, safely relocates bear in Poughkeepsie neighborhood

1:45
Transfiguration School set to close with little notice, leaving parents scrambling to find new schools

Transfiguration School set to close with little notice, leaving parents scrambling to find new schools

0:50
New firefighter training center opens in Pomona

New firefighter training center opens in Pomona

0:53
29th annual Today's Students Tomorrow's Teachers brunch celebrates future educators

29th annual Today's Students Tomorrow's Teachers brunch celebrates future educators

0:19
Playland Park's Gondola Wheel closed due to active Osprey nesting

Playland Park's Gondola Wheel closed due to active Osprey nesting

0:35
Ossining family awarded over $23 million for medical malpractice lawsuit against Westchester Medical Center

Ossining family awarded over $23 million for medical malpractice lawsuit against Westchester Medical Center

1:04
Royal Regency Hotel in Yonkers celebrates 30 years of business

Royal Regency Hotel in Yonkers celebrates 30 years of business

0:41
Lakeland Central School District joins search for 2 missing Westchester teens

Lakeland Central School District joins search for 2 missing Westchester teens

0:23
New York Rangers beat Carolina Hurricanes 5-3 to advance to Eastern Conference Final

New York Rangers beat Carolina Hurricanes 5-3 to advance to Eastern Conference Final

0:52
New image released of missing Westchester County teens

New image released of missing Westchester County teens