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| Electric meter. (AP Photo/ M. Spencer Green) |
by David Giambusso, capitalnewyork.com
12 February 2015
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Con Edison is planning to spend $1.5 billion to make its electric and gas meters "smarter."
The utility, which serves nearly 10 million people in New York City and Westchester, wants to embark on an eight-year "advanced metering initiative," as part of its recently filed rate case. If successful, the program would replace roughly 4.7 million meters and could serve as a platform for many of the state's renewable energy plans in New York City, by far the biggest consumer of energy in the state.
The utility, which serves nearly 10 million people in New York City and Westchester, wants to embark on an eight-year "advanced metering initiative," as part of its recently filed rate case. If successful, the program would replace roughly 4.7 million meters and could serve as a platform for many of the state's renewable energy plans in New York City, by far the biggest consumer of energy in the state.