Consolidated Edison Co of New York Inc - Company Profile

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Consolidated Edison Co of New York Inc: Segment Analysis

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Business Description

Consolidated Edison Co of New York Inc (CECONY), a subsidiary of Consolidated Edison Inc, is an energy utility company that generates, transmits, and distributes electricity. It also supplies natural gas and generates and supplies steam. It provides electricity to residential and business customers in all the New York City (except a part of Queens) and most of Westchester County. It supplies natural gas in Manhattan, parts of Queens, the Bronx, and most of Westchester County. The company also provides steam services to its customers in Manhattan.

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Business Segments

Overview

Generates, transmits, and distributes electricity. It delivers electricity to its full-service customers who purchase electricity from the company. It also delivers electricity to its customers who choose to purchase electricity from other load-serving entities. In addition, the company delivers electricity to state and municipal customers of the NYPA. In FY2025, the segment incurred a capital expenditure of US$3,201 million, which grew 3.7% YoY.

Performance

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Overview

It gets gas delivered by interstate pipelines at various points in or near its service territory and distributes natural gas to customers in Manhattan, the Bronx, and parts of Queens and Westchester County. It also operates a natural gas liquefaction facility and storage tank at its Astoria property in Queens, New York. In FY2025, the segment incurred a capital expenditure of US$1,151 million, which decline 0.3% YoY.

Performance

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Overview

Generates and distributes steam to customers in parts of Manhattan. It operates one steam-electric generating station and four steam-only generating stations. It also procures steam under an agreement with Brooklyn Navy Yard Cogeneration Partners LP and distributes it to customers. In FY2025, the segment incurred a capital expenditure of US$113 million, which decline 14.4% YoY

Performance

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