On October 17, 1980, the Indian Point II nuclear generating unit, owned by Consolidated Edison Company of New York, Inc. (Con. Ed.), ceased operating allegedly as a result of Con. Ed.'s own negligence. To fill the resulting 59-day void in electrical production, Con. Ed. had to resort to more expensive fossil fuels. By means of a monthly fuel adjustment clause statement that Con. Ed. was required to file with respondent Public Service Commission (PSC), Con. Ed. sought to pass...
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