After pushing through an electricity rate hike earlier this year, now Con Ed is setting its sights on gas customers. The Post reports the utility "is seeking to raise the price of gas for residents by 6 percent a year for three years, saying skyrocketing costs have left the utility in the hole, according to recently filed documents In the filings with the state Public Service Commission, Con Ed says it must make up for a shortfall of more than $160 million and is seeking permission from the board to raise residential gas prices 6 percent annually beginning in October 2010." FWIW, Con Ed reported that its 3Q profits rose 85% earlier this month.
Con Ed Wants To Hike Gas Prices
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"It puts more of a burden on New York — puts more of a burden on 49 other states."
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