New York – A Queens pol called on Con Ed on Sunday to install technology that could save New Yorkers millions on their electric bills – and blasted the utility for squandering cash they could use to pay for it.
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Councilman Eric Gioia (D-Queens) said installing Smart Meters, which provide real-time info on electric rates and use, would save the average consumer 10% on electric costs.
“Con Ed has the money,” he said, noting the utility made a $1.2 billion profit last year. “They’ve been sitting on the money and not investing a penny in what New Yorkers really need.”
He said Con Ed instead paid “exorbitant” salaries to executives and upped dividends to investors for the 35th straight year.
In a statement, Con Ed called Smart Meters “the wave of the future” and said it would install them – when it could secure tens of millions of dollars in public funding to make it happen.
Con Ed is in bed with the mobster unions and wont cut out the criminal meter readers.
great idea. i saw this on the news. he wants con ed to actually help s save money with smart meters that can show us on the computer what we are doing and using
How ridiculous is the current system. How would you feel Verizon came to your house each month to read your telephone bill. Its the same thing here, Unnecessary and wasteful.