From the Queens Courier:
If a Sandy-esque storm were to come in the future, power company Consolidated Edison (Con Ed) wants to be prepared.
The electric company recently submitted plans that detail major investments to protect “critical equipment and customers from devastating storms” like Sandy, according to a Con Ed statement.
Long-term projects such as putting flood-proof equipment in low-lying areas, building higher flood walls around facilities, reinforcing overhead equipment and putting overhead lines underground to limit outages were proposed so that in the case that the Greater New York area is struck by another storm, Con Ed customers will be that much more protected.
However, the plans do not come without a price, and Con Ed estimates that price to be about $1 billion, which could be acquired through 2016, partly through federal funding. Also, Con Ed itself has committed $250 million to spend this year and next year on storm protection measures.
To provide the remaining initial funding for this storm-protection effort, Con Ed proposed one-year delivery rates for electric, gas and steam services. This would raise a Con Ed customer’s electric bill only by 3.3 percent and gas by 1.3 percent. Due to fuel cost saving efforts, steam bills would decrease.