Con Edison invests $1.3 billion to prepare power grid for heat, storms

Sponsored by

Consolidated Edison is investing $1.3 billion this year for summer reliability, upgrading its electric delivery system for New York City and Westchester County. The company is also in the second year of a four-year, $1 billion power grid fortification program to protect New Yorkers from the next major storm.

Con Edison's summer investments will help meet energy demand from new growth in its service area. Residential building permits are expected to rise 43 percent this year in the region. Additionally, New York City's population reached a record high of 8.4 million last year. There is also an increase in professional and business services, plus growth in the education, health, retail, and hospitality sectors.

Con Edison has invested at least $1 billion to prepare for summer each year since 2005.

System-wide transmission and distribution infrastructure improvements underway for summer 2014 include installation of 22 network transformers; three new major electric delivery feeders; 69 overhead transformers; reinforcement of 69 feeders, 49 underground sections, and 266 overhead spans, and the replacement of 11 miles of underground and aerial feeder cables with new electric lines.

Power supplies are sufficient to meet this summer's expected electric demand. The electric peak-demand forecast for this summer in Con Edison's service area is 13,675 MW. The record — 13,322 MW — was set on July 19, 2013 at 5 p.m.

An additional $230 million will be spent this year on storm-hardening projects. Cornerstones of Con Edison's four-year, $1 billion storm improvement plan for New York City and Westchester County include advancing smart grid designs to help reduce customer outages, building and installing protective barriers around critical equipment, and redesigning two underground electrical networks in lower Manhattan, and one in Brooklyn.

The storm-hardening plan, created in 2013 following Hurricane Sandy, will help better protect customers and equipment from extremely harsh weather events.

Con Edison's delivery rate remains virtually flat from last year; however, power supply prices, which the company does not control, are higher than last summer.

A typical New York City residential customer using 350 kWhrs per month, can expect average monthly summer bills to rise from $106.08 in 2013 to $112.41 this year, or 6 percent. A typical Westchester residential customer using 500 kWhrs per month, can expect average monthly summer bills to rise from $129.94 in 2013 to $139.66 this year, or 7.5 percent. A typical business customer using 10,800 kWhrs per month, can expect average summer bills to rise from $2,468.90 to $2,581.19, or 4.6 percent.

Sponsored by
Most Popular Articles

CURRENT MAGAZINE ISSUE

March 2015
Volume 19, Issue 3
1503UPcover

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

How to deploy mobile forms + devices to speed up field service processes & reporting

Overcoming the pain points associated with any process is much simpler and more cost effective than you think. This webinar will detail the benefits of switching to mobile forms for field data collection and reporting.
 
We'll examine real use cases and ROI of integrating mobile forms within a given field service process, including for work orders, inspections, checklists and proposals.
 
A quick AT&T Mobile Forms demo will reveal the feature rich, user-friendly nature of the solution. You'll see why it’s a must-deploy to speed up data collection, eliminate invoicing/data entry lags and auto-generate/deliver insightful reports.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Everlast pole tags

Everlast pole tags for distribution poles have been used all over the world in this great earth's worst environment's proving it is the longest lasting product to use on pole's!

Everlast Substation signs

Everlast safety signs and Everlast Substation signs meet all ANSI and OSHA requirements and continue to be readable for the life of the substation. When most signs fail ours shine.

Swage Bus Accessories

Swage Bus Accessories use a compression technology process called "swaging" that enables installation of aluminum bus accessories without the need of a welder.