Con Ed Owes Customers $5M For Electricity Restoration Delays

Law360, New York (September 14, 2012, 3:51 PM EDT) -- State regulators docked Consolidated Edison Co. of New York Inc. $5 million Thursday in the form of a rebate that must come from shareholder capital, after finding the utility failed to fully meet its standards for quickly restoring electricity to customers with above-ground power lines.

Con Ed, which met other goals for reliability and could have faced penalties up to $112 million, could not entirely blame its failure to quickly restore power to so-called radial customers on the ravages of storms including Hurricane Irene, the New...
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