New York Gov. Kathy Hochul is pushing back against Con Edison’s proposal to significantly increase electricity and natural gas rates, calling the plan “exorbitant” and an unfair burden on residents.
Under the proposed hike:
- Electric bills would rise by 11.4% on average.
- Natural gas bills would increase by 13.3%.
“The burden is already heavy,” Hochul said Tuesday, announcing her opposition to the rate increase.
Governor Calls for Action Against Con Edison
Hochul is urging the New York State Public Service Commission (PSC) to reject the proposal, directing the Department of Public Service (DPS) to conduct a comprehensive audit of Con Edison’s management compensation.
“I want to make sure that they’re being responsible in how they use our ratepayer dollars,” Hochul stated.
She is also sending a letter to the PSC chair and CEO, demanding accountability.
Local Officials and Advocates Support Hochul’s Efforts
Queens Borough President Donovan Richards
Richards applauded Hochul’s stance, citing ongoing infrastructure issues in Queens.
“Just last week, we took outages consistently in Rosedale,” Richards said.
He criticized Con Edison for proposing higher bills while failing to improve service reliability.
“For you to ask residents… to escalate their bills and then the infrastructure not be in place, that is unacceptable.”
Concerns for Seniors and Low-Income Residents
Many advocates fear the rate hikes will hit seniors and low-income residents the hardest.
- Beth Finkel, AARP New York State Director, highlighted that 18% of New York City’s older adults already live below the poverty line.
- Higher utility rates will add to their financial struggles.
Next Steps: Public Hearings and Review Process
The DPS review process for the rate increase will:
- Take about a year before a final decision is made.
- Include public hearings, allowing New Yorkers to voice concerns.
For now, Hochul remains firm in her opposition, ensuring Con Edison’s proposal faces intense scrutiny before any potential approval.
