Con Edison to spend $1.b bn to update electric and gas meters
Con Edison has announced a proposal to update its electric and gas meters at the cost of nearly $1.5 billion.
As part of an eight-year long advanced metering initiative, the utility will replace its old meters with advanced ones for 10 million New York City and Westchester customers.
Con Ed proposes to spend $8 million in 2015, $69 million in 2016, $174 million in 2017, $317 million in 2018 and $306 million in 2019 for this renovation.
