New York, NY – Consolidated Edison has asked New York utility regulators to raise next year’s rate hike to 7.3 percent.
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The state Public Service Commission says a decision will be made early next year.
The company’s first application, seeking 5.8 percent, was submitted in May. It said those proposed hikes would begin in April 2009 and would add about $6.18 to the average household bill and $120 to the average business customer’s bill.
The utility said that the extra money is needed due to higher property taxes, infrastructure projects and less demand for electricity.
No Hike. Give them gornish Give them a gitten shtois in ocher
Didn’t oil go down, which is why they got an increase in the first place. This is a scam. Also if we use less electricity, why do they need more infrastructure? Hmmm. I pay half per kilowatt in the country than in Brooklyn. A shander
is this normal everything is going up except salary’s
You know why they can do it? Because they are a supposedly “regulated” monopoly. It’s a game they play with the regulators. ConEd asks for more than they know they can get so the regulators can say they only gave them less than they asked for. For example, if ConEd really wants say a 4% increase, they ask for 7% or 8% increase knowing the regulaors will “only” give them 4% or 5%. This way, the regulators can say we only gave them less than they asked for.
ConEd is playing footsie with government regulators. There is no reason why the electric rates in NYC should be highest in the country.
Since there is less demand they make less profit. Hence the increase application. Turn it down !!!!!
Stop the madness!
Show us your books, Con Ed!
You’ve “conEd” us enough already.
ROLL BACK THE RATES!!!
When a utility such as ConEd files a request with the Public Service Commission (PSC) for a rate change, a customer can file a case as an intervenor disputing the request. Large customers, both industrial & commercial, often file cases explaining why they think the utility’s claimed costs are too high, or why they think that rates for their rate class (say industrial or commerical) should be lowered, or not increased as much. The Citizen’s Utility Board performs this function on behalf of residential customers like us. In order to substantiate their cases, intervenors can request information from the utility; the utility must provide this information or explain why it can’t (and in return, the utility may request information from the intervenors). The statements of the utility & intervenors, along with all of the replies, are reviewed by the PSC, which then decides how much money the utility should get & how the rates should be structured. It’s not a perfect system, but it often works.
many will nebech go cold this winter.