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|7.25.06 @ 9:15AM|#
Queens had a power outage for a few days. This, according to New York pols, is grounds for the declaration of a state of emergency.
Probably because they realize that the lying dirtbag in charge of Con Ed will never be held accountable ("You're doing a heck of a job, Brownie... er, Burkie!") and fork over any money to the thousands of people and businesses who lost their food. Disclaimer: I am NOT in support of calling this a "disaster" or using tax dollars to make up for Con Ed's incompetance. I'm just trying to shed a little light on the pols' motivation.
Xmas (link goes to ConEd rate |7.25.06 @ 11:32AM|#
I was looking to see if ConEd had trouble getting rate increases recently. It looks like they haven't.
Their last rate increase was in April, 2005. They explicitly stated it was needed for capital investment (infrastructure improvements, new infrastructure). So, you can really lay the blame for this squarely on the ConEd management.
Of course, I could be misreading the ConEd press release about the rate hike all wrong. It did say that they hadn't had a rate hike in 10 years, and, in fact, they've dropped electric rates during those ten years. Maybe, between the lines, they're saying we haven't replaced anything in 10 years because the public oversight board has been decreasing rates on us.