NYers Say Con Ed Can Fix Infrastructure Without Hikes

Law360, New York (October 9, 2013, 8:37 PM EDT) -- 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,...
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.