Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Con Ed Execs Get $600K In Extra Bonuses For Hurricane Sandy
By
John Del Signore
Published Apr 26, 2013
Modified Apr 26, 2013
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
John Del Signore
Published Apr 26, 2013
Modified Apr 26, 2013
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
It's been a heckuva year for Con Ed: the utility controversially locked out workers for almost a month last summer, and then thousands of customers were without power for weeks after Hurricane Sandy. (Many others received grossly miscalculated electric bills, which the utility promptly blamed on the union.) Con Ed's management was widely criticized over their Sandy performance, and Attorney General Eric Schneiderman even subpoenaed the utility for all hurricane-related records. But whatever, no amount of bad news can stop the sweet alternating current of EXECUTIVE BONUSES.
According to the company's annual statement, Con Ed executives were awarded $600,000 in extra bonuses for “exemplary” performance in 2012. “In our judgment, the company performed in exemplary fashion,” the committee chairman, George Campbell Jr. And to be clear: these extra bonuses are bonuses on top of other bonuses! The Times reports that Kevin M. Burke, the company’s chairman and chief executive, got an additional $315,000, taking his total pay for the year to a cool $7.4 million.
Meanwhile, another executive, Craig Ivey, got a $146,100 bonus, bringing his pay to $830,183. Chief Financial Officer Robert Hoglund got a $82,900 bonus, increasing his pay to $721,300, while the utility’s general counsel, Elizabeth Moore, scored a $70,000 bonus for a grand total of $609,142. At least now you know your $430 bill is going to a good cause!
"Ratepayers should not have to pay a single penny of any bonuses Con Ed is awarding its senior executives,” Governor Cuomo's spokesman Matt Wing told the Times. “Frankly, the shareholders may want to wait until the investigation by the Moreland Commission finishes its independent assessment of Con Ed’s performance during Superstorm Sandy."
Tagged
con ed
con edison
hurricane sandy
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Forest Hills Stadium can keep its concerts under deal with neighbors
Neighbors had complained of traffic and loud concerts for years.
By
Ryan Kost
Published Oct 22, 2026
NYC Council to grill Mamdani officials on collapsed Hunts Point Produce Market deal
Council Speaker Julie Menin called the $650 million plan "mission critical."
By
Elizabeth Kim
News
NYC Council to grill Mamdani officials on collapsed Hunts Point Produce Market deal
Council Speaker Julie Menin called the $650 million plan "mission critical."
By
Elizabeth Kim
NYPD arrests 17-year-old in fatal Midtown subway platform shooting
By
Charles Lane
Ex-Adams aide accused of pocketing kickbacks from community program funds
By
Samantha Max
MTA to begin 6-year project to upgrade signal tech on A and C lines in Brooklyn and Queens
By
Ramsey Khalifeh
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .