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September 05, 2015 10:40 AM ET

Multi-Utilities

Company Overview of Consolidated Edison Co. of New York Inc.

Company Overview

Consolidated Edison Company of New York, Inc. provides regulated electric, gas, and steam delivery services in the United States. The company offers electric service to approximately 3.4 million customers in New York City and Westchester County; and delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County. It also operates steam distribution system that produces and delivers steam to approximately 1,700 customers in parts of Manhattan. As of December 31, 2014, the company’s distribution system had 36,934 miles of overhead distribution lines and 98,327 miles of underground distribution lines; transmission facilities had 438 miles of ...

4 Irving Place

New York, NY 10003

United States

Founded in 1884

13,200 Employees

Phone:

212-460-4600

Key Executives for Consolidated Edison Co. of New York Inc.

Chairman of the Board, Chief Executive Officer, Chairman of Executive Committee, Chief Executive Officer of Consolidated Edison, Inc and President of Consolidated Edison, Inc
Age: 54
President
Age: 52
Chief Financial Officer and Senior Vice President
Age: 53
President of Shared Services
Age: 61
Senior Vice President and General Counsel
Age: 60
Compensation as of Fiscal Year 2015.

Consolidated Edison Co. of New York Inc. Key Developments

Consolidated Edison Co. of New York Inc. Announces the Retirement of William Longhi as President of Shared Services, Effective October 1, 2015

On July 16, 2015, Consolidated Edison Co. of New York Inc. announced that William Longhi, President of Shared Services to retire effective October 1, 2015.

Consolidated Edison Co. of New York Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Consolidated Edison Co. of New York Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total operating revenues of USD 2,829 million against USD 2,868 million a year ago. Operating income was USD 250 million against USD 477 million a year ago. Income before interest and income tax expense was USD 246 million against USD 482 million a year ago. Net income for common stock was USD 81 million against USD 234 million a year ago. Net income for common stock per common share - diluted was USD 0.28 against USD 0.79 a year ago. Earnings from ongoing operations for the fourth quarter of 2014, which exclude the effects of the LILO transactions and the net mark-to-market effects of the CEBs, were USD 171 million or USD 0.58 a share compared with USD 202 million or USD 0.69 a share in the fourth quarter of 2013. For the year, the company reported total operating revenues of USD 12,919 million against USD 12,354 million a year ago. Operating income was USD 2,209 million against USD 2,244 million a year ago. Income before interest and income tax expense was USD 2,251 million against USD 2,257 million a year ago. Net income for common stock was USD 1,092 million against USD 1,062 million a year ago. Net income for common stock per common share - diluted was USD 3.71 against USD 3.61 a year ago. Earnings from ongoing operations, which exclude the effects of the gain on sale of solar electric production projects, the lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs), were USD 1,140 million or USD 3.89 a share in 2014 compared with USD 1,112 million or USD 3.80 a share in 2013. The company expects its earnings from ongoing operations for the year 2015 to be in the range of USD 3.80 to USD 4.00 per share. Earnings per share from ongoing operations exclude the net mark-to-market effects of the CEBs. The forecast reflects capital investments of USD 2,912 million, substantially all of which will be spent at the company's regulated utilities.

Consolidated Edison Co. of New York Inc. Presents at 13th Annual Gas Storage Outlook, Jan-12-2015 09:15 AM

Consolidated Edison Co. of New York Inc. Presents at 13th Annual Gas Storage Outlook, Jan-12-2015 09:15 AM. Venue: Hilton Houston Post Oak, 2001 Post Oak Blvd, Houston, TX 77056, United States. Speakers: Peter Carnavos, Director, Gas Supply Department.

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