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Last $61.66 USD
Change Today +0.11 / 0.18%
Volume 2.1M
ED On Other Exchanges
New York
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4 Irving Place

New York, NY 10003

United States

Phone: 212-460-4600


York, and northern New Jersey and northeastern Pennsylvania. Electric Operations O&R and its utility subsidiaries, Rockland Electric Company (RECO) and Pike County Light & Power Company (Pike) provide electric service to approximately 0.3 million customers in southeastern New York and in adjacent areas of northern New Jersey and northeastern Pennsylvania, an approximately 1,350 square mile service area. O&R, RECO, and Pike, own, in whole or in part, transmission and distribution facilities which include 557 circuit miles of transmission lines, 14 transmission substations, 61 distribution substations, 85,986 in-service line transformers, 3,828 pole miles of overhead distribution lines, and 1,827 miles of underground distribution lines. Gas Operations O&R delivers gas to approximately 0.3 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. O&R and Pike own their gas distribution systems and O&R owns a gas transmission system, which together include 1,862 miles of mains. Natural gas is delivered to customers by the company through an estimated 104,713 service lines. Competitive Energy Businesses The company pursues competitive energy opportunities through three wholly-owned subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions), Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development). These businesses include the sales and related hedging of electricity to wholesale and retail customers; sales of certain energy-related products and services; and participation in energy infrastructure projects. Con Edison Solutions Con Edison Solutions primarily sells electricity to industrial, commercial, and governmental customers in the northeastern United States and Texas. It also sells electricity to residential and small commercial customers in the northeastern United States. Con Edison Solutions sells electricity to customers who are provided delivery service by the Utilities (CECONY and O&R). It also provides energy efficiency services, procurement and management services to companies and governmental entities throughout majority of the United States. The company sells electricity in the service territories of 50 utilities in the states of New York, Massachusetts, Connecticut, New Hampshire, Maine, New Jersey, Delaware, Maryland, Illinois, Pennsylvania, Rhode Island, and Texas, as well as the District of Columbia. Con Edison Solutions also provides energy-efficiency services to government and commercial customers. The services include the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies. The company owns solar energy projects in Massachusetts with an aggregate capacity of 18 MW (alternating current). Con Edison Energy Con Edison Energy manages the output and fuel requirements for approximately 7,400 MW of third-party generating plants in the northeastern United States. The company also provides wholesale hedging and risk management services to Con Edison Solutions and Con Edison Development. In addition, the company sells electricity to utilities in the northeastern United States. Con Edison Development Con Edison Development participates in energy infrastructure projects. The company’s investments include ownership interests in solar energy projects in New Jersey, Massachusetts, California, and Pennsylvania with an aggregate capacity of 127 MW, a gas storage corporation, an investment in an affordable housing partnership and leasehold interests in a gas-fired plant, and a gas distribution network in the Netherlands. The company has additional solar energy projects under construction with an aggregate capacity of 20 MW. Utility Regulation State Utility Regulation: The Utilities are subject to regulation by the New York State Public Service Commission, which under the New York Public Service Law, is authorized to set the terms of service and the rates the Utilities charge for providing service in New York. In addition, it has the authority to impose penalties on uti


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