New York - Con Ed Wins 5.6% Rate Increase

New York - Taxes, water bills and the cost of a subway ride are all rising - and so is your electric bill. Con Edison won approval Wednesday to hike its power bills by 5.6% in April, citing higher costs and the higher property taxes it has to pay to the city. The proposed increase is less than the 7.3% Con Ed had been requesting - but comes a year after customers were hit with a 4.7% rate...