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New York State Public Service Commission Holds Public Statement Hearing on Con Edison's Rate Filings

Strategic Insights

— 2 min read

The New York State Public Service Commission held a public statement hearing on July 8, 2025, to gather comments on Con Edison's proposed rate changes for electric and gas service. The hearing came after Con Edison filed amendments to its electric and gas tariff schedules on January 31, 2025, proposing to increase its annual electric and gas delivery revenues for the twelve-month period ending December 31, 2026. The proposed changes aim to increase electric delivery revenues by approximately $1.6 billion, an 11.3 percent increase in total revenues or 17.9 percent increase in base delivery revenues, and natural gas delivery revenues by approximately $349 million, a 10.5 percent increase in total revenues or 14.9 percent increase in base delivery revenues.

Key Takeaways:

  • The New York State Public Service Commission must consider Con Edison's rate proposals and may adopt, reject, or modify them in whole or in part by December 30, 2025.
  • The Commission has received thousands of pages of filed comments from the utility and various stakeholders, which will form the basis of its decision.
  • Con Edison's proposed rate changes aim to increase electric and gas delivery revenues by $1.6 billion and $349 million, respectively, over the twelve-month period ending December 31, 2026.
  • The actual bill impacts of the proposed changes on individual customers will vary based on revenue allocation and rate design.
  • The Public Service Commission has seven members, including Chair Rory Christian and six commissioners, who will consider the evidentiary record and comments made at the hearing before making a decision.
  • The Commission will make its final decision on Con Edison's rate proposals by December 30, 2025, or may extend this deadline.

Statistics:

  • Con Edison proposes to increase its electric delivery revenues by approximately $1.6 billion, an 11.3 percent increase in total revenues or 17.9 percent increase in base delivery revenues.
  • The proposed natural gas delivery revenues increase by approximately $349 million, a 10.5 percent increase in total revenues or 14.9 percent increase in base delivery revenues.
  • The Public Service Commission has received thousands of pages of filed comments from the utility and various stakeholders.
  • The Commission has seven members, including Chair Rory Christian and six commissioners.

Sources:

  • STATE OF NEW YORK PUBLIC SERVICE COMMISSION CASE 25-E-0072 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Consolidated Edison Company of New York, Inc. for Electric Service.
  • STATE OF NEW YORK PUBLIC SERVICE COMMISSION CASE 25-G-0073 - Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Consolidated Edison Company of New York, Inc. for Gas Service.
  • Public Statement Hearing on Con Edison's Rate Filings, held on July 8, 2025, at the Borough of Manhattan Community College.

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