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“It’s clearly time to revisit the cost-benefit analysis of under-grounding, clearly the costs of not under-grounding are going up,” @NYSDPS CEO John Rhodes says.
Legislators keep saying stuff like "ConEd doesn't want to underground stuff because doing so is expensive and would reduce profits." But, the reality is exactly the opposite. If ConEd increases capital invested, their profits increase. They only make profit from ROE!
