(PR Newswire) AARP: Con Ed $420 Million Rate Hike Proposal Bad News for NYC Kitchen Table Economies
NEW YORK/PRNewswire-USNewswire/ — With the harsh Northeast winter months on their way, Con Edison is looking to push residential customers’ bills even higher than the already highest-in-the-continental-U.S.-rates they currently pay. The $420 million proposed rate hike has drawn the ire of AARP, which says seniors and families – already having difficulty paying New York City’s sky high utility bills – will be hit the hardest.
AARP members will make the case against the Con Ed proposal at rate hike hearings before the Public Service Commission tonight (at 5:30 p.m., PSC, 90 Church Street, New York, NY) and tomorrow (5:30 p.m. Yonkers Public Library, Riverfront Branch, Yonkers, NY). The PSC is expected to make a ruling on the rate hike in the coming weeks.
“Another Con Ed rate hike would be disastrous news for many New Yorker’s kitchen table economies; middle class families and older adults are already performing a delicate balancing act,” said Beth Finkel, State Director for AARP in New York State. “This rate hike is unwarranted and AARP is calling on the PSC to deny it.”