Consolidated edison company of new york

Consolidated Edison Company of New York (Con Edison) is a public utility company that provides electric, gas, and steam services to millions of customers in New York City and Westchester County, New York. Here are some key facts about Con Edison:

History: Con Edison was founded in 1823 as the New York Gas Light Company, and it has been a publicly traded company since 1901.

Services: Con Edison provides the following services:

• Electric service: Con Edison generates, transmits, and distributes electricity to over 3.5 million customers in New York City and Westchester County.
• Gas service: Con Edison provides natural gas service to over 1.2 million customers in New York City and Westchester County.
• Steam service: Con Edison provides steam service to over 1,000 customers in Manhattan, including many of the city's largest commercial and residential buildings.

Operations: Con Edison operates a large network of power plants, transmission lines, and distribution lines to deliver electricity and gas to its customers. The company also maintains a fleet of vehicles and equipment to respond to emergencies and perform maintenance and repairs.

Financials: Con Edison is a large and profitable company, with annual revenues of over $13 billion and net income of over $2 billion. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol ED.

Community involvement: Con Edison is involved in various community initiatives, including energy efficiency programs, environmental initiatives, and charitable donations. The company also provides scholarships and internships to students and young professionals.

Challenges: Con Edison faces several challenges, including:

• Aging infrastructure: Much of Con Edison's infrastructure is aging and in need of replacement or upgrade.
• Climate change: Con Edison is working to reduce its carbon footprint and prepare for the impacts of climate change, including more frequent and severe weather events.
• Regulatory challenges: Con Edison is subject to regulation by the New York State Public Service Commission and the Federal Energy Regulatory Commission, which can be complex and time-consuming.

Awards and recognition: Con Edison has received numerous awards and recognition for its operations, including:

• J.D. Power's highest rating for electric and gas service in the Northeast
• The Edison Electric Institute's (EEI) Edison Award for outstanding contributions to the electric power industry
• The American Gas Association's (AGA) Safety Award for outstanding safety performance

Overall, Con Edison is a large and important company that plays a critical role in providing energy services to millions of customers in New York City and Westchester County.