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Updated: Friday, 01 Apr 2011, 10:40 PM EDT
Published : Friday, 01 Apr 2011, 10:40 PM EDT
MYFOX NEW YORK STAFF REPORT
MYFOXNY.COM - New York City households will soon see their electric bills spike by up to 12 percent because of a decision by a federal agency to give more cash to power generators.
The move has local officials and even Con Edison upset.
The Federal Energy Regulatory Commission approved an increase -- which takes effect May 28, 2011 -- in the amount that power-generating companies get. That increase then gets passed along to the consumer through power-transmission companies such as Con Edison.
"New Yorkers shouldn't be forced to pay exorbitant electric rates because some far away regulator decided not to look at all the evidence before it," said Sen. Charles E. Schumer, D-N.Y. "FERC needs to reverse its earlier decision and do right by New York ratepayers, who already have some of the most expensive energy costs in the country."
Con Edison officials said don't blame them. Even the utility is even calling on FERC to reverse the decision.
"Con Edison has petitioned federal regulators to reconsider a Federal Energy Regulatory Commission decision that will impose up to $500 million a year in unfair costs on our customers," the utility said in a statement. "We believe the decision was misguided and gives a windfall to power generators. This decision is particularly disappointing because it comes at a time when we are re-doubling our efforts to keep costs low for our customers."
For example, an apartment resident who uses 300 kilowatt-hours a month paid an average monthly charge of $87 in summer 2010, according to Con Edison's Allan Drury. That amount could rise to an average of $96 a month this summer due to the increase mandated by the FERC ruling.
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