(The following is a reformatted version of a press release
issued by Con Edison and received via e-mail. The release was
confirmed by the sender.)
December 6, 2012
Statement from Con Edison
Re: $250 Million Infrastructure Commitment Post-Sandy
Con Edison has been examining for some time ways to protect our
infrastructure and maintain reliable service for our customers
during storms such as Sandy.
While we invest nearly $2 billion every year in our electric,
gas and steam systems, we have committed in the short term to
earmark $250 million specifically on measures that can help
protect critical equipment from flood damage. These measures
would include raising electrical relay houses in substations,
and installing stronger barriers and flood pumps.
Putting major overhead power lines underground is also a
consideration and will be examined in greater detail.
While our commitment today would represent an initial infusion
of preventive measures, we expect that even greater investments
will be needed as regional discussions evolve over the coming
months and years.
We appreciate Mayor Bloomberg’s leadership on this issue and
look forward to continuing our work with his administration.
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