Release Main Page
Release: May 24,
Forest City Ratnerís Atlantic Yards to
Blame, in Part,
For Looming Con Edison Record Rate Hike
During Project Approval State Said
Atlantic Yards Would Not Significantly Impact Electrical Infrastructure
NEW YORK, NY -- When your Con Edison electric bill goes up 17% to 36% you can
thank Bruce Ratner and his Atlantic Yards project.
According to a NY1 news report about yesterdayís State Assembly hearing over
a proposed Con Edison rate hike, it would be the largest rate hike Con Ed has
ever proposed. And according to Con Ed officials the Atlantic Yards mega-project,
is partly to blame. From
...Con Ed came before a State Assembly committee to explain the rate hike. Officials
argued Wednesday the system is strapped and that massive projects like the
Atlantic Yards in Brooklyn will burden the system even more... (emphasis
"New Yorkers can thank Bruce Ratner and his 'Atlantic Yards' project, in
part, for what appears to be a looming record Con Ed rate hike," said Develop
Donít Destroy spokesman Daniel Goldstein. "While New York taxpayers are forced
to subsidize Forest City Ratnerís project so the developer can make enormous profits,
the taxpayers are forced to pay again with a huge electric bill increase. You
can be sure that nobody will subsidize those new bills."
"When the State studied this very issue last year, when it came to Atlantic
Yards and the electrical grid, they said, basically, 'donít worry. No problem.'
Clearly they were wrong and misleading the public," Goldstein said.
While the rate hike made news today, the statesí Atlantic Yards Environmental
Impact Statement (which is currently under litigation)
approved last year by the Empire State Development Corporation (ESDC), determined
that there would be no significant impact from the project on electricity infrastructure.
chapter of the Stateís environmental review concluded that:
The proposed project would increase demands on electricity and gas. However, relative to the capacity of these systems and the current levels of service within New York City, these increases in demand would be insignificant. Improvements are also proposed by Consolidated Edison and Keyspan with respect to the local electric and gas distribution grids that would improve service to the project site. In addition, new electrical and gas lines are proposed within the beds of streets that would be reconstructed as part of the proposed project. It is therefore concluded that the demands of the proposed project would not result in a significant impact on the supplies of electricity and gas in the region or the City as a whole, and with the proposed improvement to the distribution network, no impact would occur locally with respect to electrical or gas utilities. For these reasons, the proposed project is not expected to significantly adversely impact energy systems.
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fighting for development that will unite our communities instead of
dividing and destroying them