ConEd Settles $4M Fee Battle Over 9/11 Repairs

Law360, New York (January 11, 2011, 7:31 PM EST) -- Consolidated Edison Inc. has agreed to settle its fight with Empire State Development Corp. over $3.7 million in legal costs ConEd incurred while recovering insurance money to pay for rebuilding an electrical substation destroyed in the 9/11 attacks.

Terms of the settlement between the utility and ESDC — which is in charge of distributing a $783 million fund created by Congress to pay for rebuilding utility infrastructure in Lower Manhattan — were not disclosed in the order, issued Friday in the Supreme Court of the State...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.