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Bear Case Scenario for Con Ed. $ED

The high cost of living in New York particularly in New York City puts a ceiling on revenue growth. Hydro rates are political beasts and respond to social pressure.


As rates increase alternative power sources such as solar become more viable. People who can afford a $3 million townhouse have money for solar panels to knock down their ransom payments to con Ed.


George Gutowski writes from a caveat emptor perspective