Get ready to dig deep, New York. That flip of the switch could get more expensive. The energy regulatory arm of the federal government recently decided to eliminate price breaks for some power plants.
That discount was passed down to the consumer, by way of Con Edison or the New York Power Authority, in the form of cheaper electricity rates.
It is unknown how much the average bill will increase, but early estimates suggest it will be $9 a bill. More of your tax dollars will also go towards keeping the city turned on.
In all, $500 million will be generated by FERC's ruling; $300 million of that just from city customers.
NYPA quickly responded: "...results in the unwarranted transfer of wealth from local and state governments and consumers to existing power plant owners."
It is not a done deal just yet. The power companies, the city of New York and some state agencies like the Office of General Services are petitioning the federal government to reconsider its decision.
Wednesday, June 19 2013 6:12 AM EDT2013-06-19 10:12:52 GMT
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion...
A senior administration official says Gov. Andrew Cuomo and legislative leaders have struck a deal to authorize four upstate casinos and to allow votes on 10 separate women's rights bills including an abortion proposal...
The body of one of three New Yorkers killed in an attack in Afghanistan is scheduled to arrive in his upstate hometown while the funeral of a second victim is being held in the Hudson Valley.
The body of one of three New Yorkers killed in an attack in Afghanistan has arrived in his upstate hometown as the funeral of a second victim was being held in the Hudson Valley.
Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:27 GMT
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Authorities say they still haven't determined what caused six U.S. border agents to require decontamination and medical attention after inspecting a vehicle at a crossing in northern New York.
Sunday, June 16 2013 5:39 PM EDT2013-06-16 21:39:47 GMT
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Senator Charles Schumer (D-NY) is asking New York colleges and universities to place tougher standards that would make it hard for students to abuse stimulants like Adderall. Schumer during a Sunday afternoon press conference said between 15 and 35 percent of college students frequently use Adderall to stay up to study. He said students shouldn’t be able to get amphetamine-based drugs like Adderall without a legitimate diagnosis and prescription.
Saturday, June 15 2013 7:36 PM EDT2013-06-15 23:36:20 GMT
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
Former New York Governor Mario Cuomo was honored with a portrait that was unveiled inside the Hall of Governors in the state capital in Albany on Saturday. Current governor and son Andrew Cuomo was there as well. "A year ago we presented Governor Mario Cuomo with his official gubernatorial portrait.
Wednesday, June 19 2013 6:13 PM EDT2013-06-19 22:13:15 GMT
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
Wednesday, June 19 2013 4:30 PM EDT2013-06-19 20:30:42 GMT
The FBI has found possible human remains in a dig at the New York City house once occupied by a famous gangster. An FBI spokesman confirmed Wednesday that agents found material that they want to test as part of an investigation.
The FBI has found possible human remains in a dig at the New York City house once occupied by a famous gangster. An FBI spokesman confirmed Wednesday that agents found material that they want to test as part of an investigation.
Wednesday, June 19 2013 4:13 PM EDT2013-06-19 20:13:39 GMT
The driver of the vehicle that left several people injured and a trail of destruction in the area of 2nd Avenue and East 4th Street in the East Village has been arrested.
The driver of the vehicle that left several people injured and a trail of destruction in the area of 2nd Avenue and East 4th Street in the East Village has been arrested.
Wednesday, June 19 2013 3:38 PM EDT2013-06-19 19:38:42 GMT
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
Wednesday, June 19 2013 1:46 PM EDT2013-06-19 17:46:33 GMT
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
Wednesday, June 19 2013 12:46 PM EDT2013-06-19 16:46:33 GMT
One bird may have been responsible for several hundred Hoboken residents losing power.
One bird may have been responsible for several hundred Hoboken residents losing power. A spokeswoman for Public Service Electric & Gas says the bird touched a transformer on Clinton Street near Columbus Park Wednesday morning.
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