Markets

A Power Rate Hike Dispute Threatens To Leave NYC Vulnerable To Superstorms

A year after Hurricane Sandy knocked out power to millions in the Tri-State area, including all of downtown Manhattan, a dispute over ConEd’s request to raise electric rates has created uncertainty about whether the utility has adequate resources to prepare for another megastorm. As the situation deteriorated last fall, New […]
A Power Rate Hike Dispute Threatens To Leave NYC Vulnerable To Superstorms
News

REPORT: POWER WILL BE RESTORED TO ALL OF MANHATTAN TOMORROW

[credit provider=”Daniel Goodman / Business Insider”] UPDATE: ConEd, New York City’s electricity provider, expects power to be restored to all of Manhattan by Saturday, reports Bloomberg and The New York Times.Areas of lower Manhattan, including Wall Street, are expected to have power by this evening.
REPORT: POWER WILL BE RESTORED TO ALL OF MANHATTAN TOMORROW
News

Con-Ed Workers Threaten To Strike In The Middle Of NYC Heatwave

[credit provider=”Daniel Goodman / Business Insider”] Con Edison workers are threatening to strike on July 1 if contract negotiations aren’t worked out when the old deal expires at midnight Saturday, Reuters’ Scott DiSavino reports: If the 8,500 Con Ed workers do walk off, that would leave managers and any crews the company can […]
Con-Ed Workers Threaten To Strike In The Middle Of NYC Heatwave
News

More Outages Likely As New York Faces Highest Ever Air Conditioning Demand

[credit provider=”Fox News” url=”http://www.myfoxny.com/subindex/weather/severe_weather”] Friday afternoon may find New York’s Consolidated Edison delivering more electricity to its customers than at any time in history.According to ABC News, the utility company has extra crews working to deal with problems as they occur.
More Outages Likely As New York Faces Highest Ever Air Conditioning Demand