Cuomo: Con Ed to freeze rates

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Con Ed and the state reached an agreement today to freeze electric-delivery rates for two years and gas and steam distribution rates for three years, Gov. Andrew Cuomo announced.

Con Edison UnionThe deal comes after Con Ed, the utility company for New York City and most of Westchester County, had sought a rate increase from the state Public Service Commission earlier this year.

The agreement requires Con Ed to improve the energy grid through a $1 billion investment.

“This is a clear victory for consumers and businesses, particularly those who suffered through power outages from Superstorm Sandy last year,” Cuomo said in a statement.

The settlement requires approval from the PSC.

The rate freeze will be effect tomorrow.

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  1. NYRAD-R VICTOR fURMAN on

    THE CIRCUS IS COMING TO ALBANY JANUARY 8,2014

    Come One, Come All to the State of the State Rally on January 8th in Albany

    Above all, we need maximum turn-out on January 8th for another stupendous State of the State Rally in Albany. This critical event has gotten bigger and better each year. Last January, more than 1,500 fractivists dwarfed the pro-frackers right in front of all the Albany heavy hitters. We dominated the press coverage. We must do our best to exceed that historic crowd.

    If you do nothing else in 2014, come to State of the State. It is imperative that we provide a huge show of force and scare the bejesus out of you-know-who. He must envision hundreds of fractivists storming every local campaign event and ruining his big day. Bring every sign you have got and cajole every Tom, Dick and Harriet you can find to attend.

    Need a ride? Check out where buses are available thanks to Food and Water Watch and other sponsoring groups: http://www.toxicstargeting.com/node/41604

    Keep Fighting to Put DOH “review” On-Hold and Require a Comprehensive Public Health Impact Study to Be Undertaken

    Due to our super-focused advocacy work, the DOH “review” is the linchpin to Governor Cuomo’s decision to permit shale fracking in New York. We must do everything feasible to make sure that his secret “review” cannot be completed without any public participation.

    Do not take comfort in the Governor’s statements that there is no timetable for completing the DOH “review.” That would change the instant he decides to go forward. It could be any day.

    Do not believe his promise that the “review” will be based on “good science.” That pledge sounds nice, but it cannot be enforced. That is obviously why he picked it.

    Do not believe anyone who tells you that Governor Cuomo is “taking his time to make a good decision” or has kicked the fracking can down the road past election day. Health Commissioner, Dr. Nirav R. Shah, is reportedly working hard to complete his “review” without any public participation. We must assume that Governor Cuomo still wants to permit shale fracking despite withering criticism of the SGEIS proceeding. That has been his position since he ran for election in 2010.

    COME SEE THE CLOWNS IN HAZMAT SUITS, COME SEE YOKO AND SEAN SING “DON’T FRACK MY MOM” SEE MARK RUFFALO AND DEBRA WRINGER ALONG WITH OTHER HOLLYWOOD-HYPOCRITES WHO HEAT THEIR MANSIONS WITH FRACKED NATURAL GAS DENY YOU THE USE.
    THERE WILL BE MUSIC AND SPEECHES POT & WINE SONG AND DANCE