ED - Consolidated Edison Inc

Consolidated Edison, Inc. (Con Edison), incorporated in New York State, operates through its subsidiaries CECONY, O&R, and Con Edison Transmission. The company primarily provides regulated electric, gas, and steam delivery services to millions of customers in New York City and surrounding areas. CECONY serves approximately 3.7 million electric customers and 1.1 million gas customers, while O&R serves about 0.3 million electric customers in southeastern New York and northern New Jersey. Additionally, Con Edison Transmission focuses on investing in electric transmission projects, enhancing the infrastructure critical to the New York bulk electric system.

Con Edison has positioned itself to generate shareholder value through steady dividend growth, supported by earnings from its regulated utilities and contracted electric transmission assets. The company emphasizes reliable, resilient, and environmentally sustainable energy provision, particularly as it navigates the transition towards cleaner energy solutions in alignment with state regulations aimed at reducing greenhouse gas emissions and increasing reliance on renewable energy sources.