Reuters logo
Con Edison reaches $153 mln settlement over deadly 2014 Harlem blast
February 16, 2017 / 8:30 PM / 7 months ago

Con Edison reaches $153 mln settlement over deadly 2014 Harlem blast

NEW YORK, Feb 16 (Reuters) - Con Edison Inc has reached a $153.3 million settlement with New York State stemming from a fatal 2014 natural gas explosion in the East Harlem section of Manhattan, New York Governor Andrew Cuomo said on Thursday.

Cuomo said the settlement includes a more than $25 million fund to benefit gas customers, and an agreement by Con Ed not to seek reimbursement from customers for more than the $125.5 million it has spent on gas leak response activities since the March 12, 2014 blast, which killed eight people.

The accord is the largest gas safety-related settlement in New York history, Cuomo said. (Reporting by Jonathan Stempel in New York, editing by G Crosse)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below