Headquarters: New York, NY, United States
Founded: 1823 as the New York Gas Light Company
CEO: Mr. Timothy P. Cawley
USD as of April 1, 2022
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.
|Company||Market Cap (USD)|
|NextEra Energy||$165.53 B|
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|Xcel Energy Inc.||$39.76 B|
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.
Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $62 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: In 2015, electric revenues accounted for 70.35% of consolidated sales (70.55% in 2014); gas revenues 13.61% (14.96% in 2014); steam revenues 5.01% (4.86% in 2014); and non-utility revenues of 11.02% (9.63% in 2014).
Source: Wikipedia, retrieved on March 31, 2022, 8:56 p.m.
Tim Cawley (CEO)
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)