County's Con Edison customers to receive refunds as a result of a settlement
A settlement in a 3-year dispute between Con Ed and the state Public Service Commission means refunds for customers. Prior to the agreement, Con Ed had planned to pass on costs it incurred during four power outages at Indian Point Two nuclear plant from 1997-2000.
But on Tuesday, Assemblyman Richard Brodsky (D-Elmsford) announced Tuesday that Con Edison and the state Public Service Commission reached a $137 million no-fault agreement. Out of the $137 million settlement, more than $45 million will go toward customer refunds.
Con Edison tells News 12 Westchester that the actual amount of the refund will be based on customer usage. So for the typical residential customer, a credit of $5.85 will be refunded over the next three billing cycles.