Con Edison electricity gas and steam power company truck vehicle van parked on Manhattan street. Credit: BrandonKleinVideo/Shutterstock.com A 'False and Fictional Narrative': Con Ed Handed Trial Loss in Bid for $1.3B Tax Refund
In lawsuits filed in 2013-16, Con Ed argued that its tax assessments on the facilities should be reduced by 35% to 45% because its income is limited via the New York Public Service Commission's regulation of utility rates.
November 23, 2022 at 05:04 PM
3 minute read
Consolidated Edison provided lowball appraisals on its New York City facilities that do not take into account that the utility has a monopoly on energy infrastructure within the city, an Albany judge said, ruling to reject the utility's challenge to its property tax bills for 2013–16.
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