Con Edison to invest $533 million in system. (Technology Update).Consolidated Edison This article is about the utility company in New York. For ComEd in Illinois, see Commonwealth Edison. Consolidated Edison, Inc. NYSE: ED is one of the largest investor-owned energy companies in the United States. Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Inc. (Con Edison) said that it is investing $533 million this year in enhancements in its electrical distribution system throughout New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Westchester, as the company met the challenge to complete permanent underground restoration work in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North in time for Summer 2002. Company officials announced the ongoing infrastructure improvements as Con Edison crews removed the last of the 36 miles of emergency street-level electric cables. They were installed to restore service quickly to businesses and residents following the World Trade Center terrorist attack of Sept. 11, 2001. "The unparalleled reliability of Con Edison was evident in our response to the Trade Center disaster, as our men and women moved swiftly to restore gas, steam and electric service to lower Manhattan. As we remove the last of these temporary cables from street level, we have renewed our commitment to continue making improvements in our energy delivery system throughout our service territory," said Kevin Burke Kevin Burke is an Irish fiddler. He was born in London to parents from County Sligo in 1950. He took up the fiddle at age eight, eventually acquiring a virtuosic technique in the Sligo fiddling style. , president of Con Edison. Louis Rana, vice president of Manhattan Electric Operations, was joined by local officials at a Battery Park City news conference as Con Edison crews began removing final sections of emergency street-level electric cable that was used to restore service to lower Manhattan. "We are very proud of the 2,000 men and women who worked around the clock to get downtown back in business and restore electric, gas and steam service to customers. There is still more work ahead of us in lower Manhattan, but we accomplished what we set out to do in time for summer," Rana said. Battery Park City President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Timothy S. Carey said: "On Sept. 12 we started working with Con Edison to begin the process of recovery at Battery Park City. The skill and speed with which they tackled this difficult job is a tribute to everyone at Con Edison. The removal of the last temporary street-level electric cable marks another step forward for our community. I applaud the tireless efforts of the company's recovery teams and look forward to working with Con Edison to build an even better and brighter future for Battery Park City." Community Board #1 Chairperson chairperson Chairman The head of an academic department. See 'Chair.', Cf Chief. Madelyn Wils said: "Con Edison has done a great job rebuilding our electrical infrastructure here in lower Manhattan while showing sensitivity to the residents and workers in the area. Their workers are among the many heroes who came through when we needed them most." As part of Con Edison's summer preparation, the company's capital program this year includes investing: * $408 million on the distribution system, including $85 million for upgrades to cables and transformers; * $33 million on transmission upgrades; and * $92 million on substation installations and circuit breakers Circuit breakers Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain percentage in a specified period. They are intended to prevent a market free fall by permitting buy and sell orders to rebalance. . In addition, the company said it would spend an additional $116 million this year for repairs and enhancements to the electrical systems that were damaged or destroyed in lower Manhattan on Sept. 11. Work completed for the summer season's peak demand period includes: * Replacement of 190 miles of underground and aerial feeder feeder abbreviation for self-feeders. Used in feeding groups of animals at intervals of several days. Feed has to be dry and comminuted so that it will run down the spouts from the hopper into the troughs. cables; * Replacement of 480 thermally sensitive cable joints; * Installation of 178 new transformers; * enhancement and upgrading of 7 electrical (4kV) unit substations; and * replacement of switchgear The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. in 2 (4kV) unit substations. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion