UTILITIES: Catharsis Time Again at Con Ed

New York's Consolidated Edison would be a very special enterprise even if it were not the nation's largest utility, serving more customers (9.0 million) and producing more revenues ($2.9 billion) than any other. As the company that almost everyone living in and around the Big Apple loves to hate, it supplies more than just gas, steam and the costliest electricity in the country. Con Ed's softspoken, Wisconsin-bred chairman, Charles Luce, 60, himself says that the big firm also provides ''a tremendous catharsis for the pent-up tensions of the city. If we didn't...

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