A Consolidated Edison power station in lower Manhattan erupted into a gigantic fireball on Monday night as electrical transformers at the station exploded in the midst of Hurricane Sandy's lashing of New York City.

According to DNAinfo, the explosion ocurred at the company's plant near East 14th Street, leaving residents in surrounding neighborhoods without electricity.

Gothamist reported that 62,000 customers in Greenwich Village and Lower Manhattan were affected by the outage. The company had also preemptively shut down power for thousands of customers in surrounding neighborhoods and in parts of Brooklyn to save underground equipment from water damage.

There were also reports that more than a dozen Con Ed workers had been trapped inside a substation by rising flood waters caused by the superstorm.

But the company said those reports were false.

"No Con Edison employees are trapped in a building. The story spreading is a rumor," Consolidated Edison said on Twitter.

Watch video, uploaded to YouTube by TrillianMedia Monday, below:

[Additional reporting by Arturo García]