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View Diary: An Apology To Katrina Victims (103 comments)

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  •  Con Ed, a private company, (Consolidated Edison) (3+ / 0-)
    Recommended by:
    ladybug53, fhcec, 417els

    has been delivering power to New York City since 1880s - they started with steam power, and steam power is still used in many buildings to provide heat, hot water, and to power elevators.  We have power outtages, somewhere in the city every summer after normal storms, and during heat waves.

    Con Ed is now an energy broker too, so you may pay your bill to Con Ed but the power producer comes from somewhere else.

    We have nuclear power up here too, but I'm not up on how that is distributed.

    LIPA, Long Island Power Authority, is state controlled, I believe.

    But yes, privatization is a problem.  Con Ed brags on their website about increasing their dividend every year for 38 years in a row. Clearly, they have not invested infrastructure upgrades.  To make matters worse, they are going forward with a planned rate hike.  Disaster capitalism at it's finest.

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