Friday, May 4, 2007

UPDATE 1-ConEd seeks nearly $2 bln in electricity rate hike

(Reuters) - The proposal, filed with New York State regulators, would increase revenue by $1.2 billion, effective April 1, 2008. That represents an 11.6 percent average rise in customer bills, said the company.

Rate would increases an additional $335 million, or 3.2 percent, in 2009 and $390 million, or 3.7 percent, in 2010.


Read more at Reuters.com Market News

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