PSC approves three-year, $46.8 million rate plan for Con Ed's O&R subsidiary

摘要

Orange and Rockland Utilities power distribution rates are to increase $46.8 million under a three-year rate plan, about what was agreed to by the company and interveners in an April 2008 "joint proposal," the New York Public Service Commission announced last week. This is the first base-rate increase since 1993 for the Consolidated Edison Inc. subsidiary. It includes a revenue decoupling mechanism under which actual delivery revenues would be compared, with authorized revenues with the difference accrued, with interest, for refund to, or recovery from, customers. The PSC modified the April deal by cutting the amount of