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

THE BRONX - 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.?

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
Parents say a norovirus outbreak at P.S. 83 2 Norovirus at P.S. 83 Annex sickens over 100 students
3 VIDEO: Suspect in Sheridan Avenue murder escorted by police
Bronx Weekend Travel Advisory, Dec.10-11 4 Bronx Weekend Travel Advisory, Dec.10-11
VIDEO: Winter Wonderland at Yankee Stadium 5 VIDEO: Winter Wonderland at Yankee Stadium

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