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Hochul Fights Con Edison Rate Hikes, Launches Investigation

2/12/2025

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Summary

Story summary

New York Governor Kathy Hochul is taking a stand against Con Edison’s proposed rate hikes of 11.4% for electricity and 13.3% for gas, set to take effect on January 1, 2026. Highlighting the financial burden on residents, particularly seniors, she has also launched an investigation into the utility's executive pay amidst these escalating costs.

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Story summary

New York Governor Kathy Hochul is taking a stand against Con Edison’s proposed rate hikes of 11.4% for electricity and 13.3% for gas, set to take effect on January 1, 2026. Highlighting the financial burden on residents, particularly seniors, she has also launched an investigation into the utility's executive pay amidst these escalating costs.