9.26.16 - Moody’s rates Con Ed rate proposal as ‘credit positive’
Moody's Investors Service has rated Con Edison's recently filed rate-case proposal as "credit positive," according to a statement issued by Moody's on Monday.
"The joint proposal addresses [Con Edison's] future cost recovery, which had been uncertain over the past 18 months as increasing operating costs and robust capital expenditures have driven the need for a more comprehensive rate plan," Moody's said in the statement.