Energy is vital to New Yorkers' lives and to New York City, which is the financial, corporate, and communications capital of the United States, as well as a leading world destination for business and tourism. Con Edison provides electric, gas, and steam service to 660-square-miles of New York City and Westchester County, an area with a population of more than nine million residents. We are striving to maintain our excellent reliability record and to build for future economic growth and energy demand by making significant investment in our infrastructure.

Con Edison is engaged in a long-term, multibillion-dollar program to enhance and improve its electric, gas, and steam transmission and distribution systems. This level of investment is necessary to enable the company to meet the continually increasing demand driven by more housing, more computers and office equipment, and more air conditioning. Con Edison needs continued investment to provide the infrastructure that sustains the economic growth of the region, while maintaining the company's unparalleled level of reliability. We take our commitment and our responsibility to our customers and to our service area seriously.

In addition to investing in our physical assets, Con Edison is simultaneously working towards improving energy efficiency and protecting the environment. We are taking a comprehensive approach to addressing the future energy needs of our customers. So while we are building new substations and transmission lines, we are also encouraging customers to “go green” and we are working with all levels of government to address climate change. For further information about Con Edison's investments and environmental initiatives, please visit www.coned.com/energyNY

News and Information

Con Edison Files Electric Delivery Rate and Investment Plan

Consolidated Edison Company of New York, Inc. submitted its new electric delivery rate and investment plan filing for April 2010 through 2013 on May 8, 2009. The plan maps out a three-year proposal to provide delivery rate certainty for businesses and customers.

Following are answers to some of the most frequently asked questions about the proposed rate increase.  For more detailed information on the proposal filing, visit Investor Relations.


Frequently Asked Questions

How much of an increase is Con Edison asking for?

Con Edison proposed two plans – the preferred plan is a three-year plan with an increase of $695 million in rates for each of the next three years.  The other alternative is a one-year increase of $854 million, and then we would revisit the issue again next year.

How will this affect customers’ bills?

With our proposed three year plan, the impact on a typical residential customer would be approximately $6.48 per month or an increase of 7.8 percent on the total bill (13.6 percent delivery) in each of the next three years.  A typical business, which pays about $2,424, per month would see an increase of $155, or 6.4 percent (14.3 percent in delivery).

With the one year increase, a typical residential customer paying $83.60 per month would see an increase of about $8.00 or a 9.6 percent increase (16.7 percent delivery) in the first year.

What is the basis for the new rate increase?

The main driving forces are the need to invest in infrastructure, operating expenses, pension costs and rising property taxes and other taxes and fees.

Is the company taking any steps to reduce costs?

The company has worked diligently to hold down the increase in delivery costs, both through measures that reflect greater efficiencies and continued stringent cost-controls, and though financial adjustments spreading costs out to the future. 

What steps has the company taken to help customers conserve energy?

We promote energy saving tips to customers through subway and newspaper messages, brochures, Power of Green pages on the Con Edison Web site and on Facebook by searching Power of Green.
 
Con Edison also offers incentives to businesses and large residential buildings to install energy-efficient fixtures in neighborhoods where energy demand is reaching capacity.

Recently, Con Edison launched new energy efficiency programs for eligible small businesses and homeowners that include free energy surveys and rebates for those who upgrade their heating, cooling and hot-water systems.  For small businesses, Con Edison will provide free energy audits and give substantial rebates to companies that make major energy efficiency upgrades.  Residential customers can take advantage of rebates for installing the most efficient heating, cooling and hot-water equipment.

Free programmable thermostats are available to customers with central air-conditioning. We are awaiting approval on additional efficiency programs that will give our customers even more ways to better manage their energy use.

We also have programs where we pay businesses that help us temporarily reduce their electricity use during heat waves, and other events that strain our electric grid. For more information, visit Energy Efficiency.

What programs do you have to help people pay their bills?

We have several programs to help customers pay their bills. Customers can take advantage of level payment plans so that they can spread out their energy expenses evenly throughout the year.

We also offer Deferred Payment Agreements to help customers pay out a balance over several months - a down payment is required and then installments are due each subsequent month in addition to the current bill. Customers who need a little extra time to pay the bill can ask for an extension.

A host of programs and grants are available to income-eligible customers. Our EnergyShare Program offers income-eligible customers one-time grants of up to $200 toward their bills. Also, customers who are eligible can also apply for a Home Energy Assistance Program grant through New York State.

For customers age 62 and over whose Con Edison bills are less than $420 a year, we have the Quarterly Billing Plan. Also, our CONCERN Program (enrollment required if you are age 62 or older, or blind or permanently disabled) gives customers access to specially trained representatives who can advise about government aid programs, provide safety tips, and explain ways to save money on energy bills.

For more information, visit Customer Central.

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