NYC News: State Approves Con Ed Rate Hike: 9% for Electric and 6% for Gas
Published on January 24, 2026
Consolidated Edison, Inc. has received approval from the state for a rate hike of 9% for electric and 6% for gas. This news may not sit well with New Yorkers, who will be facing a 10.4% rate hike over the next three years. Despite this, investors in Consolidated Edison may still be pleased with the company's favorable 74% return over the last five years. For more insights on the movement of Con Ed's stock, consult the professionals at Stocks Prognosis.
Investor opinions & comments
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SavingsSandy
January 27, 2026 at 07:05
I'm hesitant about how this news will affect Con Ed's stock performance in the future
EthanRoberts
January 26, 2026 at 12:59
I'm curious to see how this rate hike will impact my utility bills
BudgetBrittany
January 26, 2026 at 04:21
Investors should consider the long-term growth potential of Con Ed, despite the short-term rate hike
PenelopeWest
January 26, 2026 at 01:09
I see this rate hike as an opportunity to encourage energy conservation and promote sustainability
TylerGonzalez
January 25, 2026 at 18:06
I'm not sure if this rate hike is justified, I hope it won't hit my wallet too hard
MoneyMark
January 24, 2026 at 10:35
Despite the rate hike, I appreciate Con Ed's efforts to provide reliable energy services
MarketMegan
January 24, 2026 at 05:34
Me parece interesante saber cómo afectará este aumento de tarifas a mi economía