Thu Jun 2, 2011 4:45pm EDT
(Reuters) – New York City’s power company, Consolidated Edison Inc (ED.N), said Thursday it had enough power to meet forecast record power demand this summer.
The company said in a release it invested $1.1 billion to strengthen its electric system for this year, including $814 million for cables, transformers, and network protectors; $63 million on transmission upgrades; and $212 million on new substation installations and related equipment.
“Our work force prepares continuously through the fall, winter and spring to get our system ready for the summer season,” Craig Ivey, president of Con Edison, said in the release.
The company forecast power usage by its more than three million customers in New York City and Westchester County would reach a record peak of 13,275 megawatts (MW) this summer. The current record peak is 13,141 MW set on Aug. 2, 2006.
full story, click here>>>
_________________________________________
Save your home (where available) and/or business EVEN MORE money AT NO COST to the company. Contact us today to request your company’s FREE Electricity Rate Analysis. Click here to request your FREE rates analysis. Our team will find the best rates for your companies’ energy needs. Have the professionals shop for your company, at no cost to your company!
If you have any questions, be sure to contact one of our a support services representatives at: 866-572-2274. If we are away, please leave a message and we will get back with you as soon as possible. We look forward to serving as your energy advocates!
