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Presents news on business in New York as of October 3, 2000. Proposal to reduce electricity rates headed by Con Edison with other consumer groups; Site expansion of Carousel Foods of America; Reason for the workforce reduction made by Space.com.

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.

Reports on the deregulation of electricity and power industry in New York. Price framework created by the administration of Governor George Pataki; Its implication to energy retailers; Average electricity rates in the state.

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.

Reports about Governor George E. Pataki's plans for dissolution of the Long Island Lighting Company (Lilco). Other proposals for cuts in Long Island electricity rates; Plans for public takeover of Lilco; State takeover favored by Suffolk County; Interest in Lilco gas operations by Brooklyn Union Gas Company; Political overtones in Pataki's Lilco decision. INSET: A closer look..

Reports that on July 30, 1997 the New York States Electric and Gas Corporation would reduce electricity rates until the year 2002 in a deregulation plan accepted by the New York Public Service Commission. Discussion on the reduction of rates; Rejection of a takeover bid by the independent power producer, Calenery Company.