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

Video: President Trump's inauguaration speech 1 Video: President Trump's inauguration speech
Videos from inside the halls and classrooms of 2 Videos capture violent fights inside M.S. 232
Witnesses say someone tried to snatch a baby 3 Witness: Suspect attempts to abduct baby from stroller
Testimony continued Friday in the departmental trial of 4 NYPD officer who shot, killed BX teen testifies in department trial
Brandon Dixon, a Broadway star in the hit 5 Hamilton star speaks to students at Norwood school

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