May 23 (Reuters) - Consolidated Edison ( ED ) on

Thursday said that it invested $2.3 billion on projects across

New York City and Westchester County to ensure reliable grid

service during summers and support the transition to renewable

energy.

The projects include installing new substation equipment, 28

underground and 69 overhead transformers to regulate voltage,

938 sections of cable, and 241 poles, the company said.

In Manhattan, Con Edison is in the final construction phase

of a multi-year project to create a new electrical network and

increase capacity in the Midtown West area, the release added.

Meanwhile, the New York State Public Service Commission said

earlier that average electricity prices for full-service

residential customers were expected to be lower than last year.