After Sandy, NYC eyes moving power gear higher

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FILE - This May 22, 2006 file photo shows 7 World Trade Center (right) at ground zero at dusk, Monday, May 22, 2006, in New York. The electrical equipment in the Consolidated Edison substation located in the structure's ground level, sat just high enough to stay mostly dry, allowing the lights in Manhattan's waterfront Battery Park City neighborhood to stay on, while streets for miles around were dark during Superstorm Sandy. (AP Photo/Kathy Willens, File)
FILE - This May 22, 2006 file photo shows 7 World Trade Center (right) at ground zero at dusk, Monday, May 22, 2006, in New York. The electrical equipment in the Consolidated Edison substation located in the structure's ground level, sat just high enough to stay mostly dry, allowing the lights in Manhattan's waterfront Battery Park City neighborhood to stay on, while streets for miles around were dark during Superstorm Sandy. (AP Photo/Kathy Willens, File)
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But he also noted that the city's resources for those modernization projects aren't unlimited.

"We have to live in the real world and make tough decisions based on the costs and benefits of risk-avoidance investments," Bloomberg said. "Saying we're going to spend whatever it takes just is not realistic."

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