ED 📈 Consolidated Edison - Overview

Consolidated Edison, Inc. is a diversified utility company that operates through its subsidiaries to deliver regulated electric, gas, and steam services to a wide range of customers in the United States. The company's electric services cater to approximately 3.7 million customers in New York City and Westchester County, while its gas services reach around 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County. Additionally, it provides steam services to about 1,530 customers in parts of Manhattan, highlighting the company's commitment to meeting the distinct energy needs of its customers.

The company's service area extends beyond New York City, with electricity supplies to around 0.3 million customers in southeastern New York and northern New Jersey, as well as gas supplies to approximately 0.2 million customers in southeastern New York. This expanded reach underscores the company's role in supporting the energy requirements of a broader geographic region. Furthermore, Consolidated Edison, Inc. operates an extensive network of transmission lines, substations, and distribution lines, including 545 circuit miles of transmission lines, 15 transmission substations, and 63 distribution substations, which facilitate the efficient delivery of electricity to its customers.

In terms of its gas distribution infrastructure, the company has an impressive network of 4,363 miles of mains and 380,870 service lines, which enable it to provide reliable gas services to its customers. The company's investment in electric and gas transmission projects also highlights its commitment to enhancing the resilience and capacity of its energy delivery systems. As a major utility company, Consolidated Edison, Inc. primarily sells electricity to a diverse range of customers, including industrial, commercial, residential, and government entities, demonstrating its role in supporting the economic and social activities of its service areas.

With a history dating back to 1823, Consolidated Edison, Inc. is one of the oldest and most established utility companies in the United States. The company's website, https://www.conedison.com, provides detailed information about its services, operations, and commitment to sustainability. As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol ED, Consolidated Edison, Inc. is subject to the highest standards of corporate governance and transparency, with its common stock (ISIN: US2091151041) classified under the GICS Sub Industry of Multi-Utilities.