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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.