Consolidated Edison rate freeze announced in NY - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

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 This material may not be published, broadcast, rewritten or redistributed.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>>

  • Poll: Cuomo maintains big lead in NY gov race

    Poll: Cuomo maintains big lead in NY gov race

    Wednesday, August 20 2014 8:15 AM EDT2014-08-20 12:15:46 GMT
    Gov. Andrew CuomoGov. Andrew Cuomo
    A new poll shows Democratic Gov. Andrew Cuomo continues to maintain a 2-to-1 advantage over his Republican challenger in New York's gubernatorial race. The Quinnipiac University poll released Wednesday gives Cuomo a 56 to 28 percent lead over Westchester County Executive Rob Astorino. That's essentially unchanged from Quinnipiac's poll in May.
    A new poll shows Democratic Gov. Andrew Cuomo continues to maintain a 2-to-1 advantage over his Republican challenger in New York's gubernatorial race. The Quinnipiac University poll released Wednesday gives Cuomo a 56 to 28 percent lead over Westchester County Executive Rob Astorino. That's essentially unchanged from Quinnipiac's poll in May.
  • New York gives tuition break to veterans

    New York gives tuition break to veterans

    Tuesday, August 19 2014 4:44 PM EDT2014-08-19 20:44:17 GMT
    Education NewsEducation News
    New York is encouraging veterans to go back to school and making it easier for the families of service members who relocate to the state. A new state law signed by Gov. Andrew Cuomo on Monday will give veterans in-state tuition rates at state colleges and universities even if they wouldn't otherwise qualify.
    New York is encouraging veterans to go back to school and making it easier for the families of service members who relocate to the state. A new state law signed by Gov. Andrew Cuomo on Monday will give veterans in-state tuition rates at state colleges and universities even if they wouldn't otherwise qualify.
  • Thrift shops warned about drawstring kids' clothes

    Thrift shops warned about drawstring kids' clothes

    Tuesday, August 19 2014 8:06 AM EDT2014-08-19 12:06:38 GMT
    New York State NewsNew York State News
    New York's attorney general has told 46 thrift shops to stop selling children's garments with drawstrings, clothing prohibited in New York since 2003. The letters follow a survey showing many thrift shops continued selling clothes considered a safety hazard because drawstrings can snag on cribs playground equipment and vehicle doors.
    New York's attorney general has told 46 thrift shops to stop selling children's garments with drawstrings, clothing prohibited in New York since 2003. The letters follow a survey showing many thrift shops continued selling clothes considered a safety hazard because drawstrings can snag on cribs playground equipment and vehicle doors.

Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

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