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May 24, 2007

Con Ed cites AY as boosting electricity cost, but Final EIS passed

Atlantic Yards Report

NY1 reported yesterday that Con Edison, in requesting the largest rate hike in its history, blamed, among other things, Atlantic Yards:
Con Ed came before a State Assembly committee to explain the rate hike. Officials argued Wednesday the system is strapped and that massive projects like the Atlantic Yards in Brooklyn will burden the system even more. They say the rate hike would cover improvements to handle energy needs, some of which have already been made, but have not been fully paid for by customers.

AM NY added more context:
Con Ed officials say increased development will push energy usage in most of New York City beyond capacity by 2011, unless certain infrastructure projects such as five new substations are completed.

Now that doesn't mean that the utility wouldn't have the capacity to handle Atlantic Yards; it just means that the project is cited as a justification for increased expenditures and costs.

Norman Oder takes a quick peek at the Atlantic Yards Final Environmental Impact Statement to see what the official document says.

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Posted by lumi at May 24, 2007 9:50 AM