Con Ed wants to crank up rate hike

October 24, 2008 4:01:56 PM PDT
Con Edison says a rate hike taking effect next year isn't big enough and wants it increased.The utility has asked state regulators to boost next year's rate hike from 5.8 percent to 7.3 percent.

Con Ed officials say they needs more money to cover higher property taxes, infrastructure projects and a decreased demand for electricity.