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Stock impact report

Power plant explosion casts new light on New York’s dirty fuel addiction [DailyFinance (AOL.com)]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: DailyFinance
ASTORIA, N.Y. ? The transformer explosion that illuminated the New York City skyline late Thursday night came from one of the state’s dirtiest plants, casting new light on the city’s dependence on antiquated oil-burning power stations and bolstering calls for cleaner electricity. This densely-populated area of northwestern Queens provides nearly half the city’s electricity from aging plants that burn number 6 fuel oil, a thick, viscous oil blend considered one of the most polluting energy sources in the world. The Astoria Generating Station, where the explosion occurred around 9 p.m., burns 3,039,000 gallons of number 6 fuel oil a year. The Ravenswood Generating Station, the towering four-smokestack facility on the East River in Long Island City, burns another 3,264,000 gallons per year and was  ranked as the state’s largest carbon polluter in 2014. The New York City Department of Health found higher air pollution levels in Astoria and Long Island City than th Show less Read more
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