On February 11, 2025, Governor Kathy Hochul took decisive action against rising utility costs by rejecting Con Edison's proposed rate hikes that would increase residential electric and natural gas bills. In response to the proposed increases, which Con Edison justified due to necessary infrastructure investment and compliance with the Climate Leadership Act, Hochul directed the Department of Public Service to conduct a statewide audit of utility company salaries. She stressed the importance of scrutinizing these rate hikes to safeguard the financial welfare of New Yorkers amid rising living costs.
Governor Hochul has ordered a statewide audit of utility companies and rejected Con Edison’s proposed rate hike to protect consumers from high utility costs.
Hochul emphasized that New Yorkers need affordable energy solutions and that utility companies should not raise costs without justifiable reasons.
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