Consolidated Edison Inc. Seeks Approval for Rate Hikes in New York
Published on February 8, 2025
Consolidated Edison Inc. (NYSE:ED), commonly known as Con Ed, is seeking approval to raise gas and electric bills for residents in New York City and Westchester County. The proposed rate hikes are a result of Governor Hochul's push for green energy initiatives. If approved, the increases could add as much as $154 to New Yorkers' monthly energy bills. With the rising costs of energy, it is recommended to seek advice from professionals at Stocks Prognosis to make informed decisions regarding the company's stock forecast.
Investor opinions & comments
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MeganThompson
February 11, 2025 at 18:28
I'm skeptical that these rate hikes will truly benefit the environment. It might just be a way for the company to make more money
WealthyWanda
February 11, 2025 at 00:56
I'm curious to see how these rate hikes will impact the company's stock performance
CashCaleb
February 10, 2025 at 05:43
I'm concerned about how these increased energy bills will affect low-income residents in New York City and Westchester County
MoneyMonique
February 10, 2025 at 01:22
I hope the proposed rate hikes will actually lead to a more sustainable and environmentally friendly energy system
MoneyMia
February 8, 2025 at 17:49
I wonder what other green energy initiatives Governor Hochul has in mind
CapitalChris
February 8, 2025 at 14:16
I'm doubtful that the proposed rate hikes will lead to significant improvements in green energy initiatives