Replaces Facility Destroyed on 9-11
NEW YORK, May 26 /PRNewswire-FirstCall/ -- Heralding another step in the
rebuilding of Ground Zero, Con Edison Chairman and CEO Eugene R. McGrath
joined Governor George E. Pataki today to mark the return of a fully
operational electrical substation at 7 World Trade Center, which replaces the
facility destroyed during the 9-11 terrorist attacks.
The substation, which converts high voltage power to lower voltage for use
in office buildings and residences, is delivering approximately 40 megawatts
to sections of Lower Manhattan. The substation will also be available to
power new buildings that rise at the Trade Center site.
"This station is a testament to the creativity, hard work and perseverance
of many men and women in the public and private sectors," McGrath said. "The
power it supplies will be used to rebuild and grow Lower Manhattan."
Governor Pataki said: "Today we're bringing Lower Manhattan back to full
power. A rebuilt Lower Manhattan requires both redundant and reliable energy
for both businesses and residents. This new substation will not only fully
replace what we lost on September 11th, but will also be large enough to
accommodate the new electric demand that is expected through the rebuilding.
Given the complexities of the project, it was a great feat of cooperation
between Con Edison, the developers and the community that this substation was
constructed so rapidly."
On the day of the terrorist attacks, Con Edison began working immediately
to restore power to Lower Manhattan after the company's substation was
destroyed with the collapse of 7 World Trade Center. Over 2,000 employees
laid 36 miles of temporary electric cable above ground so that power could
flow again to the downtown area. The company also worked rapidly to construct
a new substation at another downtown site in time for the summer of 2002.
The new substation at 7 World Trade Center currently houses three large
power transformers, each 20 feet tall and weighing 168 tons, and have a
capacity of approximately 80 megawatts of electricity. One megawatt can power
approximately 1,000 homes. Eventually, 10 transformers will occupy the site
to meet the growing power demand in the area.
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of
the nation's largest investor-owned energy companies, with $10 billion in
annual revenues and $21 billion in assets. The utility provides electric, gas
and steam service to more than 3 million customers in New York City and
Westchester County, New York. For additional financial, operations and
customer service information, visit Con Edison's Web site at
SOURCE Consolidated Edison, Inc.
/CONTACT: Michael Clendenin, +1-212-460-4111, for Consolidated Edison,
/Web site: http://www.coned.com /
CO: Consolidated Edison, Inc.; Con Edison
ST: New York