New York Power and Light: Consumers would pay in multi-year Con Ed deal
New York Power and Light — There’s a wild card in this year’s Con Edison rate case — and if it turns up, consumers could pay.
Con Ed, the state and other parties are still jostling over whether the company’s rates will go up or down next year — see this Wall Street Journal story for up-to-date information and numbers on the rate case.
But on the sidelines, Con Ed has been in confidential talks with the state Public Service Commission that would convert the utility’s request for a one-year gas, electric and steam rate deal into a three-year plan. If that happens, Con Ed expects the PSC to sweeten the deal by raising rates a bit more during the plan’s second and third years.