Shares of ConEd fell as much as 1.4% after Donald Trump made his remarks. (Photo: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

US President Donald Trump said he talked about the need for New York utility Consolidated Edison Inc. to lower rates during a meeting with New York Mayor-elect Zohran Mamdani at the White House.

"We’ve gotten fuel prices way down, but it hasn’t shown up in Con Edison, and we are gonna have to talk to them," Trump told reporters at the Oval Office on Friday. "We have to get Con Edison to start lowering the rates."

Shares of ConEd fell as much as 1.4% after Trump made his remarks.

"We recognise affordability is a critical issue and work every day to balance the investments needed for resilience and reliability with customer costs," a

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