Streams

Mayor Rips Electric Rate Hikes

Friday, April 01, 2011

Mayor Michael Bloomberg said Friday that he plans to fight electric bill rate hikes now that the feds have approved increases for power generation companies.  

"We don't think it's necessary to reimburse producers," Bloomberg said Friday during his weekly radio appearance on WOR. "We think it's a windfall. We don't think it has any benefit to New Yorkers. We think it's going to drive up energy costs."

Con Ed bills would go up 12 percent for households at the end of May, and 14 percent for businesses.

But a spokesman for the utility said customers shouldn't blame the company — it just delivers electricity, and the Federal Energy Regulatory Commission's rate increase of $500 million per year will go to companies that generate power.

A separate 4 percent rate hike did go into effect Friday will benefit Con Ed.

In a statement, the utility said it is asking federal regulators to reconsider their rate increase, calling it misguided.

Tags:

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by