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Reports the increase in the electricity bills of Consolidated Edison's customers despite the cool weather in New York. How the State Public Service Commission's deregulation move affected the company; Criticisms against the commission; Information on the order of the commission to the New York Independent System operator.

Editorial. Looks at the increase in electricity rates distributed by Consolidated Edison in New York. Reasons behind the sudden increase in electricity rates; Role of electric costs in the rate increase according to Consolidated Edison; Implications of electricity deregulation on states across the United States.

Reports on the hearing held by state legislators in New York on August 2, 2000 regarding the increasing electricity rates. Increase in electricity rates as of June 2000; Role of power producers in the increase according to Eugene R. McGrath, chairman and chief executive of Consolidated Edison; Implications of the increase on consumers in New York; Background information on the electric deregulation in New York.

Informs that the Consolidated Edison Company plans to freeze its electric rates for five years. Part of a proposal to change its operations radically; Giving customers permission by 2003 to buy power from alternate suppliers; The order by the New York State Public Service Commission to five public utilities, to find ways to reduce electric rates and give customers more buying choice.