Con Edison Asks State Regulators For Utility Rate Hikes
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NEW YORK (CBSNewYork) -- Con Edison customers could soon be paying more.
The utility is asking state regulators to raise the price of electricity by 11.2%. It's also hoping to raise the price of gas by 18.2%.
This would start in 2023.
Con Ed says the price hikes are needed to fund infrastructure upgrades and investments in clean energy.
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