Governor Kathy Hochul has announced her strong opposition to a proposed Con Edison rate hike that could raise energy bills by up to 14% for New Yorkers. Addressing the ongoing affordability crisis, she emphasized the financial strain on residents already struggling to make ends meet. Hochul's appeal to the Public Service Commission highlights her commitment to reducing consumer costs, particularly amid rising expenses in other sectors. The governor also noted the troubling increase in poverty among the elderly, underlining the moral and economic implications of high utility costs.
Hochul stated, "When people are trying to put money back in their pockets, and there are other forces taking money out, we've got a problem."
Hochul emphasized, "New Yorkers are facing a crisis of affordability. From the gas pump to grocery bills...the costs of daily life just keep rising."
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