Facing Probe, Con Ed Execs Return Sandy Bonuses | NBC New York

Facing Probe, Con Ed Execs Return Sandy Bonuses



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    NEW YORK, NY - OCTOBER 30: Con Edison employees monitor the drainage of water being pumped out of Seven World Trade Center after Hurricane Sandy.

    Four top Con Edison executives have returned $614,400 in bonuses after Gov. Andrew Cuomo called for an investigation into why they were rewarded following what he has called a woeful performance by utilities during Hurricane Sandy.

      Cuomo asked state utility regulators to look into the payments to Con Ed Chairman and CEO Kevin Burke and the others, warning in a letter to the company Monday that ratepayers shouldn't have to foot the bill for the bonuses.
    Burke quickly said he was returning the $314,000 he was awarded for what a proxy statement described as guiding the company through "significant challenges,'' including Sandy.
    A Con Ed spokesman said Tuesday the other executives also returned the bonuses. He says the company continues to cooperate with a state investigation of utility performance during Sandy.

    Massive Explosion at 14th Street Substation

    [NY] Massive Explosion at 14th Street Substation
    Video of a massive explosion at a Con Edison substation on 14th Street and Avenue C in Manhattan just after 9 p.m. Most of Manhattan below 39th Street was without power Monday night. (Video by TrillianMedia)
    (Published Thursday, Nov. 1, 2012)

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