NEW YORK CITY—New York Gov. Kathy Hochul said at a Feb. 11 press conference that Con Edison’s planned electricity and gas rate increases will severely impact three million low to middle-income residents.
Con Edison is a major electricity and gas provider in New York City and the Westchester County area, serving 9 million people in the area, according to Con Edison President Matthew Ketschke.
Hochul said the proposed 11.4 percent increase in electricity rates and the 13.3 percent rise in gas prices, beginning Jan. 1, 2026, are “shocking and a real hit on families that didn’t budget for this.”
“I’m trying to put $500 back in their pockets because of the inflation rate and it’s going to right out the door to pay this bill,” Hochul said….