Utility giant's rate increase subject to Council scrutiny.

The article presents information related to Consolidated Edison Co. of New York Inc. It is reported that the company has mishandled formal inquisitions by the New York City Council concerning its response to crippling power outages and overall accountability. The council passed a resolution to oppose the projected rate increase by the firm. Speaker Christine Quinn and council members insisted the company to guarantee better business practices before moving forward with a rate increase.