Consolidated Edison, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Timothy P. Cawley
- Full Time Employees
- 15,407
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 4 Irving Place New York NY United States 10003
- IPO Date
- Jun 21, 1948
- CIK
- 0001047862
- Website
- conedison.com
- Similar Companies
- Business
- Consolidated Edison, Inc. (NYSE: ED) operates as a holding company that, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses primarily in the New York City metropolitan area and surrounding regions; it provides electric service to approximately 3.7 million customers across New York City and Westchester County, natural gas to about 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and steam to roughly 1,520 customers in parts of Manhattan via the largest district steam system in the world; additional services include investments in electric and gas transmission projects through Con Edison Transmission, Inc. The company's principal subsidiaries comprise Consolidated Edison Company of New York, Inc. (CECONY), which delivers electric, gas, and steam utilities; Orange and Rockland Utilities, Inc. (O&R), a regulated electric and gas provider serving over 300,000 electric customers and 130,000 gas customers in southeastern New York, northern New Jersey, and adjacent areas; and Con Edison Transmission, focusing on infrastructure for diverse, low-cost energy supplies. Founded in 1823 as the New York Gas Light Company and headquartered at 4 Irving Place in New York, New York, Consolidated Edison serves industrial, commercial, residential, and government customers across its 660-square-mile core territory with a population of nearly 9 million, while maintaining operations concentrated in the United States. Recent developments include the divestiture of its 6.6% interest in the Mountain Valley Pipeline for $357.5 million in November 2025 to offset 2026 equity needs; regulatory approvals in 2025 for $440 million in investments across five projects advancing building electrification and transportation electrification, alongside a three-year infrastructure upgrade plan; sustained focus on grid resiliency with $7.1 billion planned over 20 years through 2044 for overhead and underground systems; and strong 2025 financial performance, including third-quarter net income of $688 million and reaffirmed annual earnings guidance, supporting a clean energy transition toward 100% clean energy by 2040.
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