#Latest news with #utilityRegulationBloomberg5 days agoBusinessBloombergNY Proposes 9.3% Con Edison Return as Higher Power Bills LoomThe staff of New York's utility regulator recommended Consolidated Edison Inc. collect a 9.3% return on its equity, lower than the amount sought by the power company. The utility had requested a return on equity of 10.1%. Analysts at Citigroup Inc. had predicted that staff would recommend a 9.2% return.
Bloomberg5 days agoBusinessBloombergNY Proposes 9.3% Con Edison Return as Higher Power Bills LoomThe staff of New York's utility regulator recommended Consolidated Edison Inc. collect a 9.3% return on its equity, lower than the amount sought by the power company. The utility had requested a return on equity of 10.1%. Analysts at Citigroup Inc. had predicted that staff would recommend a 9.2% return.