Con Edison Hit With Largest Penalty in Its History for 2006 Blackouts

State utilities regulators hit the Consolidated Edison of New York, Inc. with an $18 million penalty yesterday for its service disruptions last year, the largest the state Public Service Commission has imposed against Con Ed. The blackouts included a nine-day blackout in western Queens effecting Astoria and Long Island City that left about 174,000 people without power for as long as nine days in July 2006, and other power failures in Westchester County.

The $18 million penalty is not intended to compensate customers for their losses during power failures. Instead, it will be spread to all customers in the system. … Read the rest