Con Ed proposes massive rate hikes that could send New Yorkers’ gas, electric bills soaring — thanks to Hochul’s green energy push

Con Ed is proposing to sock its New York City utility customers with double digit rate increases totalling a staggering $2 billion next year  -- electric bills by an average of 11.4% and gas by 13.3% -- partly to comply with state green mandates as well as cover steep property taxes.