NYers Say Con Ed Can Fix Infrastructure Without Hikes

Law360, New York (October 09, 2013, 8:37 PM ET) -- The $16 billion parent of Consolidated Edison Co. of New York Inc. could have invested a fraction of the roughly $1 billion it pays in yearly dividends to shore up city infrastructure prior to Superstorm Sandy, New York City residents told state regulators Wednesday, urging them to reject the utility's $440 million rate-hike plan.

Working residents and a throng of retirees from AARP joined staff members and the state's governor in urging the New York State Public Service Commission to reject the rate hikes for electricity,...
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