On February 11, 2025, Governor Kathy Hochul opposed Con Edison’s proposed rate hike in New York, emphasizing the financial strain on residents. AARP New York State Director Beth Finkel noted that many older adults on fixed incomes are particularly affected by rising utility costs.
- Governor Hochul opposes Con Edison rate hikes.
- Focus on affordability for older New Yorkers.
- Support for low- and moderate-income families.
- Rising utility rates are unsustainable.
- Call for increased utility transparency and accountability.
The opposition to Con Edison’s rate hike reflects growing concerns about affordability in New York. Recent statements from advocacy groups underscore the impact of utility costs on vulnerable populations. For instance, Assemblymember Didi Barrett pointed out that there have been eight double-digit utility rate increase requests in just two years across the state.
- Con Edison’s proposed increase could worsen financial hardships for low- and moderate-income families.
- AARP highlights that many older adults cannot absorb further increases due to fixed incomes.
- The Community Service Society of New York has advocated for economic opportunity for over 180 years.
Advocates are calling for increased transparency and accountability from utility companies. They support a compensation audit to ensure fair practices and pricing structures. The growing aging population in New York necessitates a focus on making essential services more affordable as many seniors already face economic challenges.
The collective efforts of advocates and lawmakers aim to reinforce the importance of maintaining affordable utilities as a critical issue impacting everyday life in New York. Governor Hochul’s stance is seen as a step towards ensuring that all residents can manage their basic living expenses without added financial burden.
