Sign in to comment!

Menu
Home

U.S.

Utility, union talks collapse as temps continue to rise

Consolidated Edison is closing walk-in centers, suspending meter readings and limiting work on major construction projects now that contract negotiations between the utility and its unionized workers have broken down.

The breakdown comes as New York braces for more extremely hot weather that will increase demand for air conditioning. Con Ed says it is keeping a close watch on its system and has trained managers working on essential operations.

A union spokesman says workers had told the company they'd be willing to work without a contract until an agreement is reached to keep the power company running.

Con Ed wanted to extend the current contract, with assurance the union would not call a strike without notice.

Negotiations between Con Ed and Local 1-2 of the Utility Workers of America broke down just before 2 a.m. Sunday.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.08% dw 4.12%  
15 Y Fixed Graph 3.23% up 3.21%  
30 Y Fixed Jumbo Graph 4.51% dw 4.89%  
5/1 ARM Graph 3.46% up 3.30%  
5/1 Jumbo ARM Graph 3.44% dw 3.57%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.30% up 4.29%  
$50K HELOC Graph 4.06% up 4.04%  
$30K Loan Graph 5.10% -- 5.10%  
$50K Loan Graph 4.53% -- 4.53%  
$75K Loan Graph 4.53% -- 4.53%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.94% up 2.93%  
36 M Used Graph 3.44% dw 3.46%  
48 M New Graph 3.23% up 3.22%  
48 M Used Graph 3.01% up 2.99%  
60 M New Graph 3.25% up 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% up 0.37%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.51% up 1.47%