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May 24, 2007

Tension's High At Assembly Hearing Over Con Ed Rate Hike

By Michael Scotto

More proof that all roads lead to Ratnerville:

Con Edison says a proposed rate hike would jack up New Yorkers utility bill by 17 percent, but one angry Queens politician argues the increase is more like 36 percent.

No matter what the figure, both sides acknowledge the rate hike is the largest Con Ed has ever put forward.
Con Ed came before a State Assembly committee to explain the rate hike. Officials argued Wednesday the system is strapped and that massive projects like the Atlantic Yards in Brooklyn will burden the system even more.

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Posted by lumi at May 24, 2007 9:39 AM