Consolidated Edison (ED -0.2%) reduces the voltage in parts of Manhattan to cope with the surge...

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kmi Comments (3844)
 
Con Ed has been increasing its pull on NG but it suffers from weak supply pipeline network. It's been doing a stellar job of boosting capacity though (which is why I hold a position, in addition to my opinion that there is long term downward pressure on gas prices).

I doubt Con Ed will be responsible for any large increase in gas consumption, but its utility brothers covering Brooklyn/Long Island may.

I'd also suggest the nuclear plants referred to in the linked article aren't as relevant as Indian Point, which "generates over 2,000 megawatts of electrical power, comprising as much as 30 percent of the electricity used in New York City and Westchester County."

Longer term, Indian Point is under closure pressure, which may happen as the NG grid is being improved dramatically and it may be replaced with NG production.
18 Jul 2012, 12:06 PM Reply Like

MexCom Comments (2796)
 
Its a crime not to provide vital electric power to the economic capital of the world. Brown outs are a plague. it kills people. You don't see that happening in DUK's territory. Their shut downs are probably for maintenance or re-fueling.
18 Jul 2012, 03:31 PM Reply Like

schaafinvest Comment (1)
 
I have held shares of EXC since it was originally the Philadelphia Electric Co. which certainly dates me. I have seen it split several times, made very profitable gains, and have always had great respect for the company in spite of its "down times". I still hold a large position because of it's strong dividend history. This strong heat wave we are experiencing this summer across the US is causing many necessary closures. I'm sure Con Ed was put in that position due to that situation and hopefully it will be resolved soon.
18 Jul 2012, 05:49 PM Reply Like

mix Comments (61)
 
Exelon's nuclear plant is closed because there was a fire caused by a transformer failure near the plant control room. I don't think this is heat related, just bad luck. Funny part is, Exelon's stock price is pretty much tied to the price of natural gas. When nat gas rises, so does Exelon's stock price. Heck, management acknowledges the stock price is locked to nat gas price in their yearly report somewhere around the second paragraph.
18 Jul 2012, 08:48 PM Reply Like