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Article: Con Edison Seeks First Electric Rate Increase in 10 Years; New Electrical Facilities and Investments Needed for New York's Economic Growth.
- Article from:
- PR Newswire
- Article date:
- April 30, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Consolidated Edison Company of New York, Inc. (Con Edison) today filed a rate request with the state Public Service Commission (PSC) seeking support of continued major investments in its electric energy infrastructure. The investments are needed to maintain Con Edison's high level of service reliability and to meet the growing energy needs of the company's 3.1 million customers in New York City and Westchester County.
Today's filing calls for an additional $550 million in electric revenues for the company, representing a 6.7 percent average increase in customer bills. Under the proposal, a typical residential customer paying $58.66 per month would see an ...