Con Ed Proposes $17M Settlement Over Blackout

Law360, New York (April 25, 2008, 12:00 AM EDT) -- Consolidated Edison Inc. has proposed a $17 million settlement with customers to make amends for a 2006 power outage in Queens, N.Y., saying that it has already made significant improvements in tracking outages.

The deal announced Thursday calls for Con Ed to provide a bill credit of $100 to each of the residential customers that has been identified as being affected by the outage. Con Ed is also proposing to pay $200 to each small nonresidential or business customer that was affected.

It will also pay...
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