NEW YORK (PIX11)—Just a day after New York Governor Andrew Cuomo blasted LIPA and National Grid during a press conference, Con Edison CEO Kevin Burke says he is “sorry” but still plans on applying for rate hikes.
"We've been investing in our system and part of the reason in general, excluding such a major storm as this, is the system is very reliable. We're going to continue to make those investments and we're going to continue to, as appropriate, apply for increases," ConEd CEO Kevin Burke told WCBS.
Sandy, roughly 300,000 are still without power across New York and the governor is fuming.
“They ran out of poles, believe it or not,” Cuomo said incredulously during Thursday’s press conference. “You look at what a utility company does and it basically comes down to wires and poles, and crews and trucks . . . how can they run out of poles?”
Cuomo called the utility companies one of the last true monopolies, operating in the public good without any fear of direct consequences.
While government is often criticized for bureaucratic inefficiencies, Cuomo pointed out that someone can always be voted out if they aren’t doing a good job. “You’re unhappy with the utility company, who do you fire?” Cuomo asked.
The governor vowed to make changes to the utility companies after power is restored, and promised a ground-up redesign.
“The utility system we have was designed in a different time for a different place.”