Federal Officials to Examine NY Utility Regulation

Posted April 29, 2014 at 10:37am

Wall Street Journal : The New York state Public Service Commission “levied a total of two fines for $2,000 in 2013, the lowest amount collected since 2001, federal records show.”  

The PSC said it “prefers to reach settlements with companies that may have committed violations. The commission oversees 19 utilities, including Consolidated Edison, which serviced two Park Avenue buildings that collapsed after an apparent March gas explosion that killed eight people in East Harlem.”  

“In the aftermath, federal officials said their investigation would include an examination of how the commission—tasked in part with enforcing penalties on gas companies that violate rules—regulates ConEd.”