Consolidated Edison Inc. can raise revenues by just 2.8% per year for three years, under an agreement adopted by New York regulators Thursday.
The deal between Con Ed, consumer advocates and other parties will raise the utility’s revenues by $234 million in the first year and more than $400 million in each of the next two years — while capping increases in customer bills at the rate of inflation, according to a statement by the Department of Public Service
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