Hochul approves pipeline expansion to boost capacity as Con Ed threatens rate hike

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Gov. Kathy Hochul (D-NY) approved the expansion of the Iroquois natural gas pipeline despite it being “inconsistent” with the state’s greenhouse gas emission limits.

The move came as Con Edison proposed a 13% hike in gas rates for New York residents as it faces limits on the amount of natural gas it can pull from the pipeline. 

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