ConEd customers get hit with electric rate increase

According to the New York Times, “Residents of New York City will see the biggest one-time increase in their bills for electric service next month, after state regulators approved a $425 million increase in rates for Consolidated Edison on Wednesday. Starting in April, the typical household in the city will pay about $4.25 more each month for the delivery of power by the company, whose string of recent failures has drawn heated criticism from customers and elected officials….”

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