NYC Mayor Suggests ConEd Takeover After Heat Forces Shutdown
- Utility shut off electricity to prevent damaging its equipment
- ConEd faces expanded probe on second shutdown in eight days
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After two major power failures involving Consolidated Edison Inc. in eight days, New York Mayor Bill de Blasio is suggesting that the government take over the investor-owned utility.
“We don’t depend on a private company for water or for policing or for fire protection,” de Blasio said at a press conference Monday. “If they can’t handle the job, it’s time to look at new alternatives.”