Consolidated Edison Inc - Company Profile
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Business Description
Consolidated Edison Inc (Con Edison), is an energy holding company. Through its subsidiaries, the company supplies electricity, gas and steam. It also develops, owns and operates energy and renewable infrastructure projects; invests in electric and natural gas transmission projects; and provides energy-related products and services to wholesale and retail customers. Con Edison operates through four reportable business segments: Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. (Con Edison Transmission). The company classifies its business operations into four broad categories: Electric; Gas; Non-utility; and Steam. In FY2024, the company’s capital expenditure stood at US$4,728 million, which was 30.1% of its total revenue and grew 4.8% YoY.
Business Segments
Overview
Generates electricity, and delivers power, natural gas and steam to customers. -Produces steam from its plants in Manhattan and purchases electricity through power contracts or through the wholesale market. -Has transmission facilities in New York City and Westchester, Orange, Rockland, Putnam and Dutchess counties in New York State. -Has interconnections with Central Hudson Gas & Electric Corporation, O&R, National Grid, Connecticut Light & Power Company, New York State Electric & Gas, Long Island Power Authority, NYPA and Public Service Electric and Gas Company.
Performance
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Overview
Invests in electric and gas transmission projects. Operating companies: Con Edison Transmission Inc, Consolidated Edison Transmission LLC and Con Edison Gas Pipeline and Storage LLC.
Performance
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Overview
Delivers electricity and natural gas. Operating companies: Orange & Rockland Utilities Inc and Rockland Electric Company.
Performance
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