Con Ed customers headed for higher electric rates

(AP) - Con Edison customers can expect higher electric bills after state utility regulators approved a rate hike of almost 5 percent.The increase approved Wednesday

ALBANY, N.Y. - (AP) - Con Edison customers can expect higher electric bills after state utility regulators approved a rate hike of almost 5 percent.

The increase approved Wednesday by the state's Public Service Commission will allow Con Ed to collect an additional $425 million annually from its customers in New York City and Westchester County.

Commission spokesman James Denn says the company demonstrated to the commission that a rate increase is justified in order to continue providing safe and reliable service.

Denn says the average monthly bill for a New York City household will rise $4.25. Westchester households will see an average hike ofmore than $5.60 a month.

He says the approved increase was a fraction of the $1.2 billion annual hike Con Ed sought.

advertisement | advertise on News 12

Trending Video

1 Volunteers repaint Bronx River Community Center
Four teens are accused of attacking a postal 2 Police: Postal worker attacked by teens in the Bronx
3 Bronx Sportscast, Jan. 17
Two arms without hands believed to have been 4 More body parts found at Bronx garbage facility
The Bronx Chamber of Commerce is putting out 5 News 12 gets inside look at 1st BX business directory

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE