Consolidated Edison rate freeze announced in NY

Consolidated Edison rate freeze announced in NY

Posted: Updated:
Con Edison(File) Con Edison(File)

ALBANY, N.Y. (AP) - New York officials say Consolidated Edison Co. has agreed to a two-year freeze in electric delivery rates and a three-year freeze in gas and steam distribution rates starting in 2014.

The settlement proposal, pending approval by the state Public Service Commission, could result in rate decreases for some commercial and industrial customers.

The joint proposal recommends spending $1 billion to make more resilient the company's electric, gas and steam systems.

Con Edison said lower financing costs and other savings will help offset rates, with most customers seeing little change, and will also fund its program to harden equipment against storms.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New York State NewsNew York State NewsMore>>

  • Metro-North safety practices faulted

    Metro-North safety practices faulted

    Wednesday, August 27 2014 6:07 PM EDT2014-08-27 22:07:45 GMT
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
  • Soldier who killed herself at Va. Army base was from Yonkers

    Soldier who killed herself at Va. Army base was from Yonkers

    Wednesday, August 27 2014 1:28 PM EDT2014-08-27 17:28:56 GMT

    The Army has identified the soldier who barricaded herself in a building at a Virginia base and then fatally shot herself in the head.  Fort Lee officials on Wednesday say it was 33-year-old Sgt. 1st Class Paula M. Walker of Yonkers

    The Army has identified the soldier who barricaded herself in a building at a Virginia base and then fatally shot herself in the head.  Fort Lee officials on Wednesday say it was 33-year-old Sgt. 1st Class Paula M. Walker of Yonkers

  • Beheaded goat found in Westchester

    Beheaded goat found in Westchester

    Tuesday, August 26 2014 4:37 PM EDT2014-08-26 20:37:42 GMT
    The carcasses of beheaded birds, goat, and other animals were found in bags dumped on the side of a road in Westchester County, the local SPCA said. The bags were found Monday at the intersection of Route 129 and Underhill Avenue in Yorktown.
    The carcasses of beheaded birds, goat, and other animals were found in bags dumped on the side of a road in Westchester County, the local SPCA said. The bags were found Monday at the intersection of Route 129 and Underhill Avenue in Yorktown.
Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices