Facing Probe, Con Ed Execs Return Sandy Bonuses

Tuesday, Apr 30, 2013  |  Updated 2:10 PM EDT
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Electricity Streams Into Lower Manhattan

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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.

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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)

Electricity Streams Into Lower Manhattan

Over 200,000 people in Manhattan have been without power for days following Hurricane Sandy. Friday night there were glimmers of hope pouring into lower Manhattan as thousands of people see their lights flicker on. News 4's Gus Rosendale has more from Murray Hill.
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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.

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