RESOLUTION
BY COUNCIL PRESIDENT COLLINS-BELLAMY, MAJORITY LEADER RUBBO, MAJORITY WHIP NORMAN, MINORITY LEADER BREEN, COUNCILMEMBERS PINEDA-ISAAC, DIAZ, AND HODGES:
RESOLUTION OF THE CITY COUNCIL URGING THE NEW YORK STATE PUBLIC SERVICE COMMISSION TO REJECT THE APPLICATIONS BY CONSOLIDATED EDISON TO INCREASE GAS AND ELECTRIC UTILITY RATES AND URGING THE GOVERNOR OF THE STATE OF NEW YORK, THE NEW YORK STATE SENATE AND THE NEW YORK STATE ASSEMBLY TO OPPOSE THE UTILITY'S RATE INCREASE REQUESTS.
WHEREAS, Consolidated Edison Corp. ("Con Ed"), a provider of gas and electric utility service to thousands of Yonkers businesses and residents, has made applications to the New York State Public Service Commission (the "PSC") for approval to increase electric and gas rates, respectively, over a three (3)-year period, starting in 2026; and
WHEREAS, Con Ed's applications, if approved by the PSC, would result in increases in utility costs for its business and residential customers of more than twelve percent (12%) for electricity and ten percent (10%) for gas by 2028; and
WHEREAS, the proposed utility rate increases would exceed the annual rate of inflation and the rate of wage growth in this region; and
WHEREAS, Yonkers' businesses and residents are already struggling with a skyrocketing cost of living, often facing impossible choices between utilities and other basic needs; and
WHEREAS, Con Ed's proposed rate hikes would disproportionately hurt Yonkers' seniors living on fixed incomes and low-to-middle-income families in our city; and
WHEREAS, as a call to action on these surging rate increases facing Westchester County businesses and residents, over forty (40) municipalities in Westchester County have formed the Westchester Municipal Consortium to oppose, together with Westchester County, Con Ed's rate hike requests, including the cities of Yonkers, New Rochelle, White Plains, Mount Vernon, Peekskill, and...
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