Consolidated Edison seeks to raise electricity delivery revenue by approximately $1.6 billion, leading to a $26.60 monthly increase for average residential customers. Additionally, a gas delivery revenue increase of $349 million is proposed, raising typical residential heating bills by $46.42. The increase follows a previously approved rate hike effective January. The rate calculations depend on costs for infrastructure, taxes, and operations. Lawmakers, particularly Zohran Mamdani, criticized the proposal amid rising costs of living for New Yorkers, arguing against the rate increase during an affordability crisis.
Consolidated Edison is seeking a $1.6 billion electricity delivery revenue increase, resulting in an average residential bill hike of approximately $26.60 per month.
The proposed gas delivery revenue increase of $349 million would raise bills for typical residential heating customers by $46.42.
The request for increased rates follows a previously-approved rate hike that took effect in January of this year.
Lawmakers expressed strong opposition to the rate hikes during discussions, emphasizing the pressure on New Yorkers amid an affordability crisis.
Collection
[
|
...
]