New York’s Energy Powerhouse: Consolidated Edison
A Leader in Utilities
Consolidated Edison, a stalwart in the utilities sector, serves a vast customer base of 3 million electric, 1.1 million gas, and 1,800 steam customers across the New York region. Through its diverse subsidiaries, ED provides an extensive range of energy-related products and services.
A Diversified Portfolio
The company’s subsidiaries include Consolidated Edison Co. of New York (CECONY), which supplies electricity, gas, and steam to New York City and Westchester County; Orange and Rockland Utilities, serving customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, which owns and operates generating plants and participates in other infrastructure projects; and Con Ed Transmission, a FERC-regulated electric and natural gas utility.
A Pure-Play Regulated Utility
Following the sale of Con Edison Clean Energy Businesses, the company has transformed into a pure-play regulated utility, with approximately 94% of its assets concentrated at CECONY, which also generates around 90% of total revenues. Notably, Con Ed has limited generating power, except for steam production.
Key Statistics
- Current Price: $98.45
- Price Target: [Not disclosed]
- Earnings Estimate: [Not disclosed]
- Employees: Approximately 15,000 people
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