PSC Seeks Public Comment on Con Edison Electric Rates

ALBANY, NY (01/06/2010)(readMedia)-- The New York State Public Service Commission seeks public comments on a comprehensive Joint Proposal filed by interested parties on November 24, 2009, intended to resolve all potential issues related to Consolidated Edison Company of New York Inc.'s (Con Edison) proposal to increase revenues, and to implement a three-year rate plan with levelized annual increases of approximately $420 million per year. The parties' Joint Proposal may be approved, modified, or rejected by the Commission, in whole or in part. The Joint Proposal is available online at: http://tinyurl.com/yajqogq.

The public statement hearings will be held as follows:

White Plains - Monday, January 11, 2010

4:30 p.m. and 6:30 p.m.

The Greenburgh Town Hall

177 Hillside Avenue

Greenburgh, New York 10607

* * *

Manhattan - Wednesday, January 13, 2010

4:30 p.m. and 6:30 p.m.

CUNY

The Graduate Center

365 5th Avenue between 34th & 35th Street

New York, New York 10016

On May 8, 2009, Con Edison proposed to increase its annual electric revenues by $854.4 million. The company says that the increase is needed to support continual infrastructure investment, increases in costs outside the company's control, increased financing costs, costs incurred but deferred for later recovery, and increases in operating costs for new and ongoing programs. The Commission has suspended the proposed new rates through April 4, 2010. Several active parties have filed testimony opposing various aspects of the company's proposal, and the company has responded thereto.

It is not necessary to make an appointment in advance or to present written material in order to speak at the public statement hearing. Speakers will be called after completing a request card. All comments at the hearing will be transcribed and become part of the Commission formal record. Each hearing session will remain open and will continue until everyone wishing to speak has been heard or other reasonable arrangements are made.

Disabled persons requiring special accommodations may place a collect call to the Department of Public Service's Human Resource Management Office at (518) 474-2520 as soon as possible.

OTHER WAYS TO COMMENT

Writing: Those who cannot attend or prefer not to speak at a public statement hearing may comment by writing to Jaclyn A. Brilling, Secretary, Public Service Commission, Three Empire State Plaza, Albany, New York 12223-1350. Your comments should refer to "Case 09-E-0428 Consolidated Edison Company of New York, Inc. - Rates."

Toll-free Opinion Line: Comments may also be submitted through the Commission's Opinion Line at 1-800-335-2120. This number is designed to take comments about pending cases from instate callers, 24 hours a day. Callers should select English or Spanish and press "1" to leave comments.

Internet: Comments may also be submitted via the "PSC Comment Form" in the "Consumer Assistance" file accessed through the Commission's website at www.dps.state.ny.us or via the

"Contact Us" link at http://www.AskPSC.com. Many libraries offer free Internet access.

All comments submitted via one of these alternative means should be submitted or mailed and post marked no later than February 2, 2010. All statements and comments received by the Commission will be placed in the public case file. Persons interested in the company's filing may view it at the Commission's offices, Three Empire State Plaza, Albany, New York, or online at: http://tinyurl.com/yajqogq.

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