Utility Dive•about 2 months ago
After rate case, Con Edison Q3 electric revenues up 10.6% on flat sales
Key Takeaway
Con Edison's significant infrastructure investment, funded by rate increases, signals higher operational costs for large consumers but also potential for improved grid reliability and new interconnection points for developers in NYC.
AI Summary
- •Con Edison's Q3 electric revenues increased by 10.6% due to a recent rate case, despite flat sales, indicating higher costs for large power consumers.
- •The utility has proposed a substantial $17 billion, three-year capital spending plan for infrastructure upgrades.
- •Key investments include new substations, transmission lines, and storm resiliency measures, which could impact grid reliability and future interconnection opportunities for developers and large loads in NYC.
Topics
interconnectpolicytransmission