Public Service Commission
Consolidated Edison has agreed to freeze its base electricity rates for two years and gas and steam rates for three years, Gov. Andrew Cuomo announced Tuesday.
The data from the U.S. Energy Information Administration shows that Con Ed’s 2.1 million residential customers in New York City and Westchester County paid an average of 25 cents per kilowatt hour in 2012.
Con Ed said it wants to spend $1 billion to protect critical equipment from storms. The first $400 million installment will mean a rate hike of 3 percent.
CEO Kevin Burke said despite the long-winded and widespread outages due to the double-punch of Sandy and the nor’easter, the company will still go ahead with a petition to the Public Service Commission to raise rates.
The state Attorney General’s office has launched an investigation into the alleged deceptive practices and the Public Service Commission is holding hearings on ESCOs.
If approved, the hikes would take effect October 2013.
The state Public Service Commission says Sal and Ruth Mazzaro can get back about $420 in utility charges. The Mazzarros were billed as commercial customers and say they’re owed more than that.