New York, NY - Con Ed Proposes More Price Hikes

New York, NY - Just weeks after imposing a rate hike, Con Edison requested state utility regulators to allow rate hikes over the next three years. Under the first of two proposals submitted to state utility regulators Friday, Con Ed would raise rates in April 2009 by 5.8 percent, by 4.2 percent in 2010, and 3.7 percent in 2011. The company would hope to raise $654 million through the hike...