Consolidated Edison

Consolidated Edison

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Consolidated Edison

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Description:
Consolidated Edison, Inc. () is one of the largest investor-owned energy companies in the United States, with approximately $14 billion in annual revenues and $33 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:

  • Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York;
  • Orange and Rockland Utilities, Inc., a regulated utility serving customers in a area in southeastern New York and adjacent sections of northern New Jersey and northeastern Pennsylvania;
  • Con Edison Solutions, a retail energy supply and services company;
  • Con Edison Energy, a wholesale energy supply company; and
  • Con Edison Development, a company that owns and operates generating plants and participates in other infrastructure projects.


In 2005, electric revenues accounted for 64.9% of consolidated sales (68.2% in 2004); gas revenues 15.9% (15.4%); non-utility revenues 13.6% (10.8%); and steam revenues 5.5% (5.6%).

History

In 1823, Con Edison’s earliest corporate entity, the New York Gas Light Company, was founded by a consortium of New York City investors. In 1824 New York Gas Light was listed on the New York Stock Exchange, it has the record for being the longest listed stock on the NYSE. In 1884, six gas companies combined into the Consolidated Gas Company.



The New York Steam Company began providing service in lower......
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