N.Y. Ratepayers Avoid Paying For Steam Blast Repairs

Law360, New York (August 8, 2008, 12:00 AM EDT) -- Consolidated Edison Inc. has agreed not to charge New York ratepayers for the repair costs from a steam blast in midtown Manhattan last summer that injured several bystanders and claimed one casualty when a woman died of a heart attack.

According to a joint proposal entered into Wednesday by Con Ed, New York State Department of Public Service staff and the New York State Consumer Protection Board, the utility will not seek to recover roughly $12 million that it spent to replace and repair electric, gas...
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