Business groups aren't sold on Con Ed-NY deal. (Consolidated Edison Company of New York)

Crain's New York Business, March, 1997 by Lentz, Philip

Customers seek faster evolution to open market, not just rate cuts Business groups are unhappy with the proposed deregulation agreement between Consolidated Edison Company of New York and the state, despite the fact that the deal was apparently designed by the Pataki administration to stimulate business expansion.

Business organizations say the agreement won't reduce rates low enough or allow electric competition fast enough. They say Con Ed, by maintaining much of its monopoly for the next five years, would be the big winner should the state Public Service Commission ultimately adopt the plan. "The problem is it applies to very few customers and has a limited amount of discounts, so they (Con Ed) don't have a big risk," says one person who represents business...

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