Wall Street Journal: Gov. Cuomo Calls on Commission to Reject ConEd Rate Increases
The Wall Street Journal — New York Governor Andrew Cuomo on Tuesday urged the state Public Service Commission to reject Consolidated EdisonED -0.13%’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.
In a letter to the bi-partisan PSC, Mr. Cuomo said last year’s hurricane and the Metro-North outage “reinforced the importance of a reliable electric system and the need to hold utilities accountable for their preparedness and response, especially when considering potential rate hikes.”