Con Ed Agrees to Climate Change Plan
In a groundbreaking agreement, Consolidated Edison, one of New York’s major utility companies, will incorporate plans to protect the power system from the effects of climate change as part of a new multi-year rate plan. The settlement, reached Feb. 20 with the New York State Public Service Commission after many months of negotiations, could serve as a nationwide model for restructuring how power companies and other utilities operate in the face of threats from climate change.
The commission said it will require all of the utilities it regulates – electricity, natural gas, steam, telephone, cable and private water systems — to take the latest science on climate change impacts into consideration. Con Ed agreed to undertake a study of how climate change will affect its electricity, natural gas and steam systems in the coming decades, and of how to prepare for these changes.
Read more via State of the Planet blog.