ED
- Consolidated Edison, Inc.
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Overview
Company Summary
Consolidated Edison, Inc. (ED) is a publicly traded energy company based in the United States. It primarily operates in the utility industry, providing electricity, gas, and steam services to customers in New York City and surrounding areas.
Consolidated Edison, commonly referred to as Con Edison, has a long history, dating back to the early years of electrification in New York. Today, it is one of the largest investor-owned energy companies in the country. The company's main subsidiaries include Consolidated Edison Company of New York (Con Edison of New York) and Orange and Rockland Utilities.
Con Edison of New York is responsible for distributing electricity to approximately 3.5 million customers in New York City and Westchester County. The company manages an extensive network of power lines, transformers, and substations that deliver electricity from generating stations to consumers. Con Edison of New York also handles customer billing, service connections, and maintenance of the distribution system.
In addition to electricity, Consolidated Edison also provides natural gas services to over 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County. The company supplies natural gas through pipelines, ensuring that customers have a reliable source of energy for heating and other applications.
Moreover, Con Edison operates a steam distribution system in Manhattan, which supplies steam for heating, cooling, and industrial processes to approximately 1,800 customers. The company generates steam through the use of high-pressure boilers, reducing the reliance on individual heating systems and promoting energy efficiency in commercial and residential buildings.
Aside from its core utility operations, Con Edison is also involved in renewable energy initiatives. The company focuses on promoting sustainable energy solutions, such as solar power installations, wind energy, and energy storage. Con Edison is actively working towards reducing greenhouse gas emissions and supporting New York's clean energy goals.
In summary, Consolidated Edison, Inc. is a utility company that provides electricity, natural gas, and steam services to customers in New York City and surrounding areas. Through its subsidiaries, Con Edison distributes energy, maintains infrastructure, and supports sustainable initiatives to meet the energy needs of its customers effectively.