
(photo: Michael Appleton/Mayor's Office)
New York’s Public Service Commission recently approved another rate hike for Con Edison, as it does every three years. This hike will increase electric rates by 13% and gas rates by 22% over the next three years.
Con Edison won. Like always, it requested and was granted its rate hike. It doesn't matter that New Yorkers already pay the second highest municipal rates in the country. Nor the $200 million for new fossil-fuel infrastructure baked into Con Ed's request. Despite this, state regulators are once
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