Con Edison Looking To Increase Gas, Steam And Electric Rates
NEW YORK (CBSNewYork) – Your Con Edison bill may be going up.
The utility company has confirmed it will make its case to the state Public Service Commission in November to approve rate hikes for gas, electric and steam service.
If approved, the hikes would take effect October 2013.
The company isn’t saying how much they’re planning to raise rates.
“We’re assessing those needs now,” spokesman Mike Clendenon told 1010 WINS. “It’ll be based on where we see our costs going. We’re on the delivery end of the bill, the supply costs are not in our control.”
It is rare for Con Edison to have increases for all their products at the same time. Electric rates could have risen earlier had the company filed for an increase when the rates expired back in April. The decision was pushed back to the fall which is when new rate cases will also be filed for gas and steam services.
Next month, Con Ed customers with gas heat will see their bills rise about three percent.