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The State Public Service Commission approved a one-year increase for Con Ed electricity rates that will translate to a $6/month increase for NYC customers and $8/month for Westchester customers—plus another surcharge for other assessments, which give Con Ed about $721 million. Half that amount is for higher property taxes. The NY Times reports that the commission asked the utility to take "cost-cutting measures" but Assemblyman Michael Gianaris (D-Queens) blasted the decision, "As long as the Public Service Commission aids and abets Con Edison's game of perpetual rate hikes, the people of New York will continue to suffer from sky-high rates and substandard service. " And Con Ed, which had asked for $819 million, wasn't happy either, “Since most of a customer’s bill is used to pay supply costs and government taxes, it is troubling that the only costs being slashed in today’s P.S.C. decision are the funds used to maintain the system and provide reliable service." Update: Per a commenter, the Post suggests electricity rates will be lower this summer. We'll investigate.
Another Con Ed Rate Hike Approved
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despicable
Here's a great example of just how much con-ed SUCKS
http://eviljulie.com/archives/1113
This is how i feel every month after paying bills.
wow. I just read in the POST that our bills would be $6-$9 less each month. Well I guess CONED reads the NY POST and thought better of it. Fuck CONED!!!
wow. I just read in the POST that our bills would be $6-$9 less each month. Well I guess CONED reads the NY POST and thought better of it. Fuck CONED!!!
So does this mean if they'd gotten that extra hundred mil we wouldn't have to worry about their pipes exploding under us and burning us half to death?
Yeah, I didn't think so either.
good story, I heard the avg bill will go up $6 come May.
You'd think that with all the rate hikes, service would be more reliable. I wonder when the next blackout is coming . . . summer's almost here.
I love New Yorkers. :-) You guys totally don't know bad power service. I'm from the south originally. A slight wind would knock power out for days! I went home from Christmas and an ice storm that would have caused nothing worse than bad traffic here knocked our power out for about 6 days (and we were lucky; full power wasn't restored to the entire city for 10 days).
Also, it probably is true that our bills will be lower. Con Ed's bill is difficult to read, but I'm sure we all know that Con Ed only collects your taxes, right? They don't keep them? So that part goes to the government, send your complaints there.
Secondly, the reason it looks like you get charged twice for power is because you pay for the power itself - which doesn't come from Con Ed - and you pay for Con Ed to deliver it to you - which DOES come from the company we love to hate. You can also thank the government for that (since monopoly laws broke out energy providers from also generating energy).
You all do understand that the rate hike is largely due to property tax hikes and assessments, right? Every other U.S. business passes on the costs of taxes and assessments in their product or services to their clients. Not to mention, if you look into it, the infrastructure does need updates, and ConEd is technically a private company and since deregulation, they have to pay for electricity as they are just the supplier...therefore, when their costs go up, our bills go up.
I think it is just easy for everyone who is not familiar with the workings of the system to hate and complain. Hopefully, people will just use less electricity and understand that inflationary prices hikes happen.
haha! Uh, I swear on a stack of Books of Mormon I am not pipsy! Good timing, though.
Sorry, I was typing when yours went up, but good points made by both.
Thank you bwaysinger and pipsy for injecting some rational thoughts.
Eh, I get it. When I look at my AT&T bill each month, I want to go postal, but I'm also a more or less rational person. They're a private business, albeit a highly regulated business. For all the grumbling about what rates are, imagine if the government hadn't decided that certain things (such as energy) don't constitute a public good/requirement and subject companies in those business to oversight re: money? The rates would be through the roof, and what choice would we have but to pay if we wanted to use our computers to blog about how much we hate these companies?
the double flip off mugshot needs to be on this story too.
As a non-ConEd employee who does a lot of work with ConEd, I just want to amplify the point that calling ConEd's service "substandard" is insane. There was the Long Island City incident in 2006, Washington Heights in 1999 and... that's pretty much it in terms of major power screwups in the last _decade_ (ignoring the 2003 Northeastern US blackout which had nothing to do with ConEd).
Ask your friends who live anywhere else, from NJ to California, how frequently their power goes out. Per year. ConEd's electricity is the most reliable in the country by far. Not only do we not have blackouts, we don't even get power flickers. Just rock solid electricity, despite usage that's more than many entire countries (13 gigawatt peak demand).