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NYC Mayor Suggests ConEd Takeover After Heat Forces Shutdown
Bloomberg: After two major power failures involving Consolidated Edison Inc. in eight days, New York Mayor Bill de Blasio is suggesting that the government take over the investor-owned utility.
“We don’t depend on a private company for water or for policing or for fire protection,” de Blasio said at a press conference Monday. “If they can’t handle the job, it’s time to look at new alternatives.”
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