Summary
EDC Chart
Consolidated Edison Boosts Grid Investment and Clean Energy Growth
ED plans $38B in capex through 2030 to boost grid reliability and clean energy goals, but regulatory rate limits pose risks.
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Consolidated Edison, Inc. (EDC) FAQ
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Consolidated Edison, Inc. Profile
| Electric Utilities Industry | Utilities Sector | Timothy Cawley CEO | XHAN Exchange | US2091151041 ISIN |
| US Country | 15,097 Employees | 18 Feb 2026 Last Dividend | 3 Jul 1989 Last Split | 2 Jan 1970 IPO Date |
Overview
Consolidated Edison, Inc., commonly referred to as Con Edison or ConEd, is an integrated energy company that has been operating since 1823. Based in New York, New York, Con Edison provides a range of energy-related products and services through its subsidiaries, with a focus on the regulated electric, gas, and steam delivery businesses. The company serves a significant customer base across the United States, primarily concentrated in New York City, Westchester County, southeastern New York, and northern New Jersey. Its operations extend from the generation and transmission of electricity and gas to the delivery of steam, covering both residential and commercial markets.
Products and Services
Con Edison offers a comprehensive array of energy solutions designed to meet the diverse needs of its customers, which include industrial, commercial, residential, and government sectors. The company's product and service offerings are categorized as follows:
- Electric Services: Con Edison supplies electric services to approximately 3.7 million customers in New York City and Westchester County. This includes the generation, transmission, and distribution of electricity.
- Gas Services: The company provides gas services to about 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County. These services encompass the supply of natural gas for heating, cooking, and industrial processes.
- Steam Delivery: Con Edison delivers steam to roughly 1,530 customers in parts of Manhattan. The steam service is primarily used for heating and cooling purposes in both commercial and residential buildings.
- Electricity and Gas Transmission Projects: The company is also involved in investing and operating electric and gas transmission projects. This includes 545 circuit miles of transmission lines, 15 transmission substations, and further infrastructure critical for the delivery of energy across its service areas.
- Infrastructure: Con Edison’s extensive infrastructure plays a crucial role in its operations, featuring 63 distribution substations, 90,051 in-service line transformers, 3,788 pole miles of overhead distribution lines, and 2,314 miles of underground distribution lines for electricity. For its gas distribution, the company operates 4,363 miles of mains and 380,870 service lines, ensuring reliable gas delivery to its customers.
