Friday, December 13, 2019

Statement from New York City Comptroller Scott M. Stringer on Proposed Con Edison Rate Hikes


“I urge the Public Service Commission to reject Con Edison’s proposal to raise utility rates so they can funnel more cash into fossil fuel infrastructure that will dig us deeper into the climate crisis. I am disappointed that the City would support any deal which allows Con Edison to spend hundreds of millions of ratepayer dollars to bolster the city’s natural gas network, instead of meaningfully investing in renewable and electric alternatives.
“New Yorkers deserve an energy system that is sustainable, reliable, and affordable, not just more of the status quo which lines the pockets of the utilities at their expense. I have called for a moratorium on major gas infrastructure because we know the infrastructure we install today only puts our climate goals further out of reach.
“Doubling down on fossil fuels is tantamount to climate denial. If our utilities can’t think past their bottom lines and consider the future of our planet, we need to explore the feasibility of a public takeover of New York’s natural gas system.”

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