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O&R, Local 503 Reach Tentative Agreement on New Contract

O&R and IBEW Local 503 today reached a tentative agreement on a new four-year labor contract.

For two months, both parties have engaged in intensive negotiations to achieve a fair and equitable settlement.

The current contract has been extended to permit normal business operations to continue, and to permit the union time to conduct its ratification vote.

The current contract has been in effect since June 1, 2014.

Orange and Rockland Utilities, Inc. (O&R), a wholly owned subsidiary of Consolidated Edison, Inc., one of the nation’s largest investor-owned energy companies, is a regulated utility. O&R provides electric service to approximately 300,000 customers in southeastern New York State (where its franchise name is Orange & Rockland) and northern New Jersey (where it’s Rockland Electric Company), and natural gas service to approximately 130,000 customers in New York.