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Commission Freezes Con Ed Delivery Rate Hikes

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TWC News: Commission Freezes Con Ed Delivery Rate Hikes
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New Yorkers won't see much of a change in their utility bills after Con Edison gets approved for new rates.

The New York State Public Service Commission adopted a plan that essentially freezes delivery rates for customers.

Electricity will be delivered to residents and businesses at virtually the same rate it was in 2013 for the next two years.

Gas and steam delivery charges will stay unchanged for three years.

Con Ed had originally requested an eight percent hike for electric delivery, a 2.5 percent hike on gas, and a 2.3 percent hike for steam.

Con Ed will also invest $1 billion over the next four years to storm proof their energy grid.

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