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

Police say they want to talk to a 1 Police: Man wanted for questioning in Bronx burglary pattern
Bronx Weekend Travel Advisory, Dec.10-11 2 Bronx Weekend Travel Advisory, Dec.10-11
3 VIDEO: Suspect in Sheridan Avenue murder escorted by police
The students at The Bronx Academy for Software 4 Local school celebrates Computer Science Education Week
The Buzz: sisters killed in radiator malfunction 5 The Buzz: sisters killed in radiator malfunction

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

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