Consolidated Edison rate freeze announced in NY - Los Angeles News | FOX 11 LA KTTV

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 This material may not be published, broadcast, rewritten or redistributed.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

  • Hudson River Sloop Clearwater

    Pete Seeger's environmental legacy lives on

    Pete Seeger's environmental legacy lives on

    Friday, July 25 2014 6:16 PM EDT2014-07-25 22:16:30 GMT
    American folk singer and activist Pete Seeger's passion for music and the environment embodied who he was every single day of his life. In 1966, Seeger co-founded the organization Hudson River Sloop Clearwater. Ever since, Seeger's 106-foot-long sloop, Clearwater, has been sailing up and down the Hudson River to educate and inspire children to protect the environment.
    American folk singer and activist Pete Seeger's passion for music and the environment embodied who he was every single day of his life. In 1966, Seeger co-founded the organization Hudson River Sloop Clearwater. Ever since, Seeger's 106-foot-long sloop, Clearwater, has been sailing up and down the Hudson River to educate and inspire children to protect the environment.
  • Prison officers block news crew from tourist site

    Prison officers block news crew from tourist site

    Friday, July 25 2014 5:25 PM EDT2014-07-25 21:25:19 GMT
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
  • New York suggests summer shutdown for Indian Point

    New York suggests summer shutdown for Indian Point

    Friday, July 25 2014 3:08 PM EDT2014-07-25 19:08:24 GMT
    A state agency is suggesting summer shutdowns at the Indian Point nuclear power plant in the New York suburbs. The idea is to protect migrating and spawning fish who might otherwise get sucked into the plant. Indian Point takes 2.5 billion gallons a day from the Hudson River to make steam and cool its two reactors.
    A state agency is suggesting summer shutdowns at the Indian Point nuclear power plant in the New York suburbs. The idea is to protect migrating and spawning fish who might otherwise get sucked into the plant. Indian Point takes 2.5 billion gallons a day from the Hudson River to make steam and cool its two reactors.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices