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NY Public Service Commission Settles With Utilities for $86.3M

Governor Andrew M. Cuomo today announced that the New York State Public Service Commission has accepted the terms of settlements valued at $86.2 million regarding alleged violations committed by four New York utilities—Consolidated Edison of New York, Orange & Rockland Utilities, Inc., Central Hudson Gas & Electric Corporation, and Frontier Communications of New York, Inc.—for failing to adequately prepare for and respond to emergencies, including Tropical Storm Isaias in 2020. 

"The size of these settlements should make it abundantly clear that New York utilities are obligated to prepare for severe weather and to develop robust emergency response programs," Governor Cuomo said. "If they fail to adequately do the job that's required of them, we will hold them accountable and we will force them to improve the way they do business — and their shareholders will pay the price."

For failing to adequately prepare for and respond to the TS Isaias, as well as failures related to the 2019 Brooklyn/Manhattan outages, and a steam outage in 2018, Con Edison and O&R will pay $82.05 million. For failing to adequately prepare and respond to TS Isaias, Frontier and Central Hudson will pay $2.7 million and $1.5 million, respectively.

Read the source article at Home | Department of Financial Services

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