Con Edison Details $1.4 Billion in Electric Delivery Investments

May 10, 2007
Consolidated Edison Company of New York, Inc. (Con Edison) has invested $1.4 billion in its electric delivery infrastructure preparing for this summer, and has established several new emergency response and communications programs.

Consolidated Edison Company of New York, Inc. (Con Edison) has invested $1.4 billion in its electric delivery infrastructure preparing for this summer, and has established several new emergency response and communications programs.

“New Yorkers deserve reliable electric service, and they deserve a reliable response during emergencies,” said John Miksad, senior vice president of electric operations for Con Edison. “All of us at Con Edison regret the power outage in northwest Queens last summer and the ensuing severe hardship experienced by residents and businesses. Since then, we have invested $90 million in repairs and upgrades in the Long Island City network. More important, we have dedicated ourselves to improving our emergency response procedures and customer outage tracking technologies.”

The $1.4 billion in overall system investments include:

  • $739 million on the distribution system, including $300 million for upgrades to cables and transformers and $117 million to support new business growth;
  • $489 million on substation-related projects, including three substations currently under construction in the Bronx and in Manhattan;
  • $137 million for transmission upgrades.

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