Consolidated Edison Investor Relations Material

Consolidated Edison, commonly referred to as Con Edison, is an American energy company primarily serving the New York metropolitan area. The company is one of the largest investor-owned energy companies in the United States and provides a wide array of energy-related products and services through its various subsidiaries. Con Edison’s main operations involve the production and distribution of electricity, gas, and steam. The company is headquartered in NYC, and its shares are traded on the NYSE.

The earliest predecessor to what would later go on to become Con Edison was the New York Gas Light Company, which was founded in 1823. Con Edison, as suggested by the name, is the result of the merger and consolidation of numerous companies, including the aforementioned Gas Light Company, The New York Steam Company, and Thomas Edison’s Edison Illuminating Company. The group continued to grow and acquire various utility companies in the New York metropolitan area over the years, and the modern form of the company (which got its name in 1998) is the result of the consolidation and merger of well over 150 different companies.

Con Edison primarily serves New York City and Westchester County and generates, transmits, and distributes electric power to millions of residential, commercial, and industrial customers. This segment of Con Edison’s business involves managing a complex grid system, which includes substations, transmission lines, and distribution networks. The company places a strong emphasis on maintaining system reliability and efficiency, ensuring uninterrupted power supply in a region known for high energy demand. Some other publicly traded US-based electricity companies are Duke Energy, Dominion Energy, and Exelon.

Besides electricity In the steam sector, Con Edison operates the largest district steam system in the United States, supplying steam for heating, hot water, and air conditioning to numerous buildings in Manhattan. This service is crucial for both residential and commercial establishments, including iconic structures and healthcare facilities. The company also supplies natural gas to customers within its service area.