Wall Street Journal: Gov. Cuomo Calls on Commission to Reject ConEd Rate Increases

Wall Street Journal– New York Governor Andrew Cuomo on Tuesday urged the state Public Service Commission to reject Consolidated EdisonED -0.04%’s request for a rate increase in 2014, citing the company’s performance during superstorm Sandy and the recent power outage on Metro-North’s New Haven line.

“It’s clear that now is not the time for Con Edison to demand that its customers pay more,” Mr. Cuomo said in a statement.

The governor’s comments come after The Wall Street Journal wrote about ConEd’s proposal — and the Cuomo administration’s counter proposal — in Tuesday’s paper.

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