Shares of power producers fell as questions arose about the handling of outages earlier this month. Hurricane Isaias knocked out electricity to more than two million households in the New York region, some for over a week.
The prolonged outages frustrated residents and officials who thought the utilities should have prepared better and responded more quickly to Isaias, which hit the region after weakening to a tropical storm.
Governors in the tri-state area have ordered investigations, and New York City Public Advocate Jumaane Williams wants to kick out Consolidated Edison Inc., which he said provides overpriced and inadequate service, and bring the city's electric grid under municipal control.
A Con Edison spokesman said the company made improvements after storms in 2018, is examining its performance after Isaias and implementing a climate-change resilience plan to help it better respond to increasingly severe weather events.
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