Taxes, water bills and the cost of a subway ride are all rising – and so is your electric bill.
Con Edison won approval Wednesday to hike its power bills by 5.6% in April, citing higher costs and the higher property taxes it has to pay to the city.
The proposed increase is less than the 7.3% Con Ed had been requesting – but comes a year after customers were hit with a 4.7% rate increase.
Much of the increase was driven by higher property taxes, but the judicial panel that approved the hike reduced what Con Ed said it needed for new employee salaries and stockholder profits.
They also said in the 362-page filing that Con Ed cannot bill customers $690,000 for annual stock payments to its board of directors.
(Source: NY Daily News)
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2 Responses
we’re getting zapped with demands for money from all sides.
I say that AT LEAST, all authorities should be catching all these people in hospitals, nursing homes, and many other facilities and find those who are “playing with the books”, laundering money out, stealing it in many different creative ways.
We lost thousands by my husband working for a big facility whose administration did a big job of cheating. Catch them, its not fair to the hard working people. We’re all trying as hard as we can to pay these bills.
Shame on them! When they made so much money last year and people are hurting, this, atop the new NY tax increase! I don’t get it! Nu, what can you do!