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Story summary
- The New York State Public Service Commission (PSC) approved a 10.4% increase in Consolidated Edison, Inc. (Con Edison) electric and gas bills over three years.
- The first 3.9% hike takes effect January 1.
- The increase will add about $4 to the monthly bill for a typical New York City customer.
- The PSC justified the increases as necessary to maintain service and infrastructure.
- Governor Kathy Hochul has prioritized affordability and previously reduced Con Edison’s initial rate request by 87%.
