Consolidated Edison (ED) asks New York state regulators to approve rate increases to help fund...

|About: Consolidated Edison Inc. (ED)|By:, SA News Editor

Consolidated Edison (ED) asks New York state regulators to approve rate increases to help fund $1B in investments to protect the power network after Hurricane Sandy, including flood-proofing equipment in low-lying areas, burying power lines and building higher flood walls around substations to avoid a repeat of damage caused by Sandy’s winds and 14-foot tides.