The Brian Lehrer Show ConEd Wants to Charge You More Money
Jul 9, 2025
Samantha Maldonado, a senior reporter for THE CITY specializing in climate and housing, sheds light on ConEd's ambitious plan to raise rates yet again. She breaks down the proposed increase of 11% to 13% and discusses the stark public backlash amid rising living costs in New York. The conversation also touches on the significant pay gap in executive compensation, potential climate legislation impacts, and how rising energy demands from AI data centers may factor into soaring bills. It's an eye-opening look at energy economics!
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ConEd Rate Hike Approval Process
- ConEd rate hikes undergo a rigorous approval process involving negotiations and public comments before the state PSC decides.
- The final approved hike is usually much lower than the initial request but still results in higher utility bills.
Why ConEd Needs Rate Approval
- ConEd must seek state approval for rate hikes because it delivers energy but does not generate it.
- They can only earn a regulated return on infrastructure investments necessary for reliable service.
Reasons Behind the Rate Hike Request
- ConEd justifies hikes as needed upgrades for aging infrastructure and increased grid stress from electric vehicles.
- About one-third of the requested increase stems from property taxes on ConEd's physical infrastructure.