Con Edison Increases Gas Rates by $35.5 Million Beginning January 1, 2017
On January 25, 2017, the New York Public Service Commission (“PSC”) approved a three-year gas rate plan for Con Edison (or the “Company”). Under the rate plan, the gas delivery service revenue requirement is increased by a net of $35.5 million (which includes gross receipts tax) in Rate Year (“RY”) 1, the 12 months that commence January 1, 2017. This reflects a decrease of $5.4 million in RY1 offset by a $40.9 million increase due to the expiration of the temporary credit that was in effect in 2016. The rate changes for RY1 became effective on February 1, 2017.
The following tables show the effect of the gas rate changes for RY1 on selected monthly bills of customers served under Service Classification (“SC”) 1, 2 and 3 of P.S.C. No. 9 – Gas:
The gas bills shown in the tables above assume normal weather. In addition to gas delivery charges and other applicable surcharges, these bills include other projected charges, such as gas supply charges and New York City revenue taxes. Sales taxes are not included in these tables.
If you live in Westchester County (except the City of Yonkers), your bills will be slightly lower than shown because of lower revenue taxes. If you live in the City of Yonkers, your bills will be slightly higher because of higher revenue taxes. If a firm service customer receives a bill that includes periods before and on and after February 1, 2017, rates will be prorated depending on the number of days of service before and on and after that date.
The monthly minimum charge for SC 1 Rate I and its SC 9 equivalent was increased to $19.75. The SC 1 residential low income program will provide a $3.00 discount off the SC 1 monthly minimum charge, and the SC 3 residential low income program will continue to provide a $7.25 discount off the monthly minimum charge and a $0.4880 per therm discount on usage in the 4 through 90 therm rate block. The applicability criteria for Rate I and Rate II of SC 2 and their corresponding SC 9 rates were modified to better align these sub-classes with their cost responsibility. The off-peak firm rate for one, two, and three-year contracts entered into during RY1 will remain at the current level of 8.0 cents per therm. Other tariff changes include: modifying the incremental usage requirements and rate discounts under the Excelsior Jobs Program; establishing a Westchester Area Growth Program for oil-to-gas conversions; modifying rules about where to locate gas meters; modifying certain gas balancing provisions; and adding new cost components for recovery under the Monthly Rate Adjustment.
The Company’s rate schedule can be viewed on the PSC’s website at www.dps.ny.gov or the Company’s website at www.coned.com. The tariff filing can be viewed on the PSC’s website by searching under Case 16-G-0061. If you do not have access to the Internet, you can view complete copies of Con Edison’s tariff amendments at the PSC’s office at 90 Church Street, New York, New York 10007 and at offices where applications for Con Edison service may be made.