Committee hears report on Con Edison rate increases; members consider full‑board letter

Committee member Chris told the Initiative Committee that Con Edison is implementing multi‑year rate increases beginning in 2026 and provided percentage figures cited in committee discussion: "January 1 is gonna be 3.5 electricity, 4.4 gas," with additional increases forecast for subsequent years. He said the increases would affect New York City and Westchester and linked them to infrastructure and resiliency upgrades.

Members expressed concern about the impact on ratepayers and suggested the full board consider drafting a letter or coordinating with elected officials; one member said the board could invite the congressman or other representatives to discuss constituent impacts. The vice chair recommended discussing the matter at the next full board meeting and drafting an elective sign‑on letter to Con Edison to press for oversight and constituent input.

No formal action was taken beyond direction to bring the matter to the full board and circulate related materials to board members.