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Sen. Deputy Majority Leader Mike Gianaris

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Con Ed 'Sudden Rate Spike' Sparks Backlash, Reports Say Con Ed 'Sudden Rate Spike' Sparks Backlash, Reports Say
Con Ed 'Sudden Rate Spike' Sparks Backlash, Reports Say Con Edison’s proposed price hike has drawn the ire of customers and lawmakers alike, according to new reports. The utility company - which supplies gas, electric, and steam to more than 3.5 million New York residents and businesses - announced that beginning in 2023, it plans to increase its electric bills by more than 11 percent, and gas by at least 18 percent. Original story - Con Ed Planning New Price Hike The increase is required to fund “investments in clean energy, as well as infrastructure upgrades that will help keep customers in service during severe weather,” according to Con Ed…

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by Zak Failla