About the Company
Consolidated Edison, Inc. or Con Edison offers an array of energy-related products to its clients. This investor-owned company is one of the largest in the US, with a net asset value of $58,076 million as of 2020. It provides electricity, gas and steam through its six subsidiaries namely Orange & Rockland, Con Edison Transmission, Con Edison of New York, Con Edison Energy, Con Edison Development and Con Edison Solutions.
Among these, Con Edison Energy is a provider of wholesale energy services, Con Edison Solutions is an energy services company, and Con Edison Transmission, Inc. invests in natural gas and electric transmission projects. Orange & Rockland Utilities Inc. is a regulated utility that serves customers living in a 1,300 square mile area in northern New Jersey and Southeastern New York. The Consolidated Edison Company of New York, Inc. or CECONY is also a regulated utility service company that provides gas and electric service in Westchester County and New York City and steam service in Manhattan’s borough. Lastly, Con Edison Development owns and operates multiple energy and renewable infrastructure projects.
Consolidated Edison’s earliest predecessor, named the New York Gas Light Company, was founded in 1823 by a consortium of New York City investors. It began to trade in the New York Stock Exchange from the very next year. As of 2020, Con Edison trades under the ticker symbol ED. From 1936 to 1960 it has acquired or merged with over a dozen companies, and as of 2020 acquired and merged more than 170 gas, steam and electric companies.
It has been a Fortune 500 company for several years, and as of 2020, it is the 256th company on the list. It is an S&P 500 component and well as a Dow Jones Utility Average Component. Forbes has also recognised Con Edison in three of its 2020 lists, namely Best Employers for Diversity, Global 2000 and Just Companies.;
|Consolidated Edison Inc
|New York, NY