ConEd’s plan to raise electric bills by 11% next year has sparked fierce public backlash, possibly threatening its $21B infrastructure push. (Bloomberg)
Why it matters: ConEd says the rate hikes are essential to harden infrastructure, improve grid resiliency, and meet the state’s aggressive climate goals, including 100% zero-emission electricity by 2040.
At public hearings, customers on fixed incomes say they’re choosing between energy and essentials. Regulators have already recommended cutting $1.3B from ConEd’s ask.