Dive Summary:
- New York Governor Andrew Cuomo wants to see stiffer penalties for utilities that fail to perform up to expectations during outages, but some lawmakers in Albany believe the regulations would go too far.
- New York GOP Sen. George Maziarz agrees that regulations are needed, but believes that proposed rules would encompass too many companies, reaching into gas, cable and phone infrastructure.
- Fines, which could be set at 0.02% of gross annual revenue per day during outages, would be particularly severe for companies such as Consolidated Edison and National Grid.
From the article:
"... The higher fines would be substantial; they are currently limited to $100,000 per day. The 0.02 percent would translate to $750,000 per day for National Grid and $2 million per day for ConEd, according to the Moreland Commission. ..."
