From the Daily News:
Con Edison customers are getting zapped again with higher electric bills - hiking rates 12.6% over three years.
The new increase takes effect next month, pushing the average residential customer's $83.60 monthly bill up to $87.23 in the first year, $90.71 in the second and $94.11 in the third.
Utility officials, state regulators and independent watchdogs agreed Thursday to the compromise package, which is 40% lower than Con Ed requested last year.
Not all of the rate hike is the utility's fault: The company said 23% of it will pay for higher property taxes, 7% for other taxes, and 17% for pension costs.