Protecting Customers and Preparing for Severe Weather

  • Con Edison proposes equipment upgrades in NYC and Westchester County
  • Projects include placing electric lines underground and raising critical infrastructure
  • Investment of $903 million between 2025 and 2029
  • Estimated rate impact to customers of $173 million over five years
  • Residential bill increase of $1.12 to $1.70 per month depending on usage

Con Edison’s subsidiary has proposed equipment upgrades in New York City and Westchester County to enhance system resilience and protect customers against severe weather events. The projects include strategically placing overhead electric lines underground and raising critical infrastructure. The company plans to invest $903 million between 2025 and 2029 for these upgrades. This investment is estimated to have a rate impact of $173 million over five years, resulting in a potential residential bill increase of $1.12 to $1.70 per month depending on usage.

Public Companies: Consolidated Edison (ED)
Private Companies:
Key People:

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Factuality Level: 8
Justification: The article provides specific information about Consolidated Edison’s subsidiary proposing equipment upgrades to enhance system resilience and protect customers against severe weather events. It includes details about the projects, the estimated investment, and the potential rate impact on customers. The information appears to be factual and based on statements from Con Edison.

Noise Level: 7
Justification: The article provides information about Consolidated Edison’s subsidiary proposing equipment upgrades to enhance system resilience and protect customers against severe weather events. It mentions specific projects such as placing electric lines underground and raising critical infrastructure. The article also includes information about the estimated investment and the potential rate impact on customers. However, it lacks in-depth analysis, scientific rigor, and evidence to support the claims. It also does not provide actionable insights or explore the consequences of the decisions on those who bear the risks.

Financial Relevance: Yes
Financial Markets Impacted: Consolidated Edison and its subsidiary

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses proposed equipment upgrades by Consolidated Edison’s subsidiary to enhance system resilience and protect customers against severe weather events. While there is no mention of an extreme event, the financial relevance lies in the investments and rate impact on customers.

Reported publicly: www.marketwatch.com