ConEd May Find Sandy's Silver Lining
Hurricane Sandy changed everything for Consolidated Edison (ED). While power has been restored to most of ConEd's service territory, many customers connected to the utility continue to have challenges restoring water-soaked motors, electrical systems and equipment. Nevertheless, Sandy provided new lessons for customers and regulators. It also provided a framework to rethink ConEd's power-distribution system.
The public is more keenly aware of how dependent it is on the reliable delivery of electric power. Reliability is now at the forefront of most consumers' minds as policymakers assess options to prevent a repeat of the massive power outage. One option is to consider building a more robust power-distribution system....499 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.