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

Strategic Insights -

The New York State Public Service Commission held a public statement hearing on July 9, 2025, at the Westchester County Center to gather comments on Consolidated Edison Company of New York's proposals to increase its electric and gas delivery rates. The hearing was attended by representatives from various organizations, including the Department of Public Service, City of New York, Assemblymembers, and consumer advocacy groups.

Key Takeaways:

  • Con Edison has proposed to increase its electric delivery revenues by approximately $1.6 billion, a 11.3% increase in total revenues, and its natural gas delivery revenues by approximately $349 million, a 10.5% increase in total revenues.
  • The proposed rate changes will impact various customer classes, with the actual bill impacts varying based on revenue allocation and rate design.
  • The Public Service Commission must consider Con Edison's proposals and may adopt, reject, or modify them in whole or in part.
  • The Commission is required to make a final decision by December 30, 2025, but this date may be subject to further extension.
  • Public comments were received from various organizations and individuals, with some advocating for the use of analog utility meters as a safe alternative to digital meters.
  • The Commission will consider all comments made at the public statement hearing and through other submission methods, including the Commission's website, mail, and toll-free opinion line.

Statistics:

  • Con Edison proposes to increase its electric delivery revenues by approximately $1.6 billion.
  • The proposed rate increase is 11.3% of Con Edison's total electric delivery revenues.
  • The proposed natural gas delivery revenue increase is approximately $349 million.
  • The rate increase will impact various customer classes, with the actual bill impacts varying based on revenue allocation and rate design.
  • Public comments must be received by November 21, 2025, to ensure consideration by the Commission.

Sources:

  • STATE OF NEW YORK PUBLIC SERVICE COMMISSION CASE 25-E-0072, 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 Electric Service, and for Gas Service.
  • Department of Public Service Outreach staff registration cards.
  • Con Edison's proposed rate changes.
  • Public Service Commission's website (www.dps.ny.gov).
  • Toll-free opinion line: 1-800-335-2120.