Consolidated Edison is the once imperious power utility that New Yorkers used to call "the company you love to hate." Now it is so beset that even Karl Marx might shed crocodile tears. Crippled by failing machinery, blocked by conservationists in its plans to build allegedly dangerous nuclear power plants, Con Ed can barely meet the city's ever rising power demands.
Last summer the company staged several voltage-cutting "brownouts." Girding for another nervous summer, Con Ed Chairman Charles F. Luce last week rejected the notion that troubled companies need more business. Luce has dropped all Con Ed sales promotion, which had boosted...
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