(Bloomberg) -- Consolidated Edison Inc. now estimates work stemming from a 2017 power failure that triggered New York City subway delays will cost $264 million, more than 30 percent above the company’s previous projection.
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The work ordered by state regulators includes installing equipment to help ensure voltage to signals remains consistent at 390 subway stations, Robert McGee, a spokesman for the New York-based utility owner, said in a phone interview Friday.
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The repairs stem from an outage last April that knocked out power to a station at Seventh Ave and 53rd Street, sending commuters into an uproar and triggering a state investigation.
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