Consolidated Edison, Inc., commonly known as Con Edison or Con Ed, is one of the largest investor-ownedenergy companies in the United States, with approximately $13 billion in annual revenues as of 2016, and over $47 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:
Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile (3,400 km2) area in southeastern New York and northern New Jersey;
Con Edison Solutions, an energy services company;
Con Edison Energy, a wholesale energy services company;
Con Edison Development, a company that owns and operates renewable and energy infrastructure projects, and,
Con Edison Transmission, Inc., which invests in electric and natural gas transmission projects.
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%).[1] Though the company provides an indispensable service to New York residents, a number of major incidents and service problems have negatively impacted its reputation with the public.
Consolidated Edison, Inc. (Con Edison) is a holding company.
The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission).
CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses.
The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.