Company
Consolidated Edison, Inc.
Headquarters: New York, NY, United States
Founded: 1823 as the New York Gas Light Company
Employees: 13,871
CEO: Mr. Timothy P. Cawley
Market Cap
$32.19 Billion
USD as of Jan. 1, 2024
Consolidated Edison, Inc. Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
Consolidated Edison, Inc., more simply known as Con Edison, is an energy delivery company. Established in 1823, it provides electric, gas, and steam energy services to more than 10 million customers in New York City, Westchester County, southeastern New York, and northern New Jersey. The electricity delivered is primarily acquired from third-parties, with some renewable energy production capacity.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
| PG&E Corporation | $45.71 B |
| American Electric Power Company, Inc. | $43.85 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| China Yangtze Power Co. Ltd | $82.16 B |
| Iberdrola, SA | $81.95 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
Detailed Description
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.
Top 1-year algo backtest: +298.72%
$10,000 in April 2023 would now be $39,872 by following this algorithm daily at market close.
Boost your stocks returns with Disfold AI... Now!
Try Disfold AI for FREE
Stocks & Indices
Consolidated Edison, Inc. has the following listings and related stock indices.
Stock: NYSE: ED wb_incandescent
Stock: FSX: EDC wb_incandescent
Product & Services
ElectricityGasSteam
Key People
Tim Cawley (CEO)
Financials
Revenue: US$13.676 billion (Fiscal Year Ended December 31, 2021)
Operating income: US$2.826 billion (Fiscal Year Ended December 31, 2021)
Net income: US$1.383 billion (Fiscal Year Ended December 31, 2021)
Total assets: US$63.116 billion (Fiscal Year Ended December 31, 2021)
Total equity: US$20.336 billion (Fiscal Year Ended December 31, 2021)