Consolidated Edison
Consolidated Edison is a major energy holding company that provides essential electric, gas, and steam delivery services to millions of customers in New York City, Westchester County, and parts of New Jersey. The company operates primarily through regulated utilities, focusing on infrastructure reliability, grid modernization, and the transition to clean energy. Its core value proposition is centered on providing safe and resilient energy delivery while driving shareholder value through regulated earnings growth and consistent dividends.
Financials
Based on Q1 2026 filing
Revenue
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CECONY Electric
primaryRegulated electric transmission and distribution service for approximately 3.7 million customers in New York City and Westchester County. The segment manages the longest underground electric delivery system in the United States.
Electric Delivery, Electric Transmission, Full-service Electric Supply
Residential, Commercial, Industrial, Municipal (NYPA)
CECONY Gas
majorRegulated natural gas distribution service for approximately 1.1 million customers in Manhattan, the Bronx, Queens, and Westchester. The business includes the operation of gas mains, service lines, and a liquefaction storage facility.
Gas Delivery, Firm Transportation, Natural Gas Supply
Residential, General Commercial, Interruptible Customers
CECONY Steam
moderateOperation of the largest steam distribution system in the United States, providing steam for heating, cooling, and manufacturing to customers in Manhattan.
Steam Delivery, Steam Generation
Apartment Houses, Commercial Buildings, Industrial Power Users
O&R Utilities
moderateRegulated electric and gas delivery services provided by Orange and Rockland Utilities and its subsidiary RECO in southeastern New York and northern New Jersey.
Electric Delivery, Gas Delivery, Electric Transmission
Residential, Commercial, Industrial
Con Edison Transmission
minorInvests in and manages electric transmission projects and gas assets through subsidiaries and joint ventures, focusing on regional energy infrastructure development.
Electric Transmission Projects, Gas Storage Assets, Gas Pipeline Interests
Wholesale Energy Markets, Regional Utilities, Energy Producers
Business Overview
Competitive Position
Con Edison holds a dominant, regulated monopoly position in its service territories for energy delivery, characterized by high barriers to entry and state-mandated rate plans.
Geographies
United States, New York, New Jersey
Customer Segments
Residential, Commercial, Industrial, Public Sector
Upstream Dependencies
Wholesale Electricity Generators, Interstate Natural Gas Pipelines, Fuel Suppliers, Electrical Equipment Manufacturers
Downstream Customers
Residential Households, Commercial Real Estate, Industrial Facilities, Government Agencies
Competitors & Partners
Competitors
Partners
New York Independent System Operator
Not-for-profit organization that controls the electric transmission facilities and administers wholesale markets
New York Power Authority
State authority partner in the Propel NY Energy transmission project
Brooklyn Navy Yard Cogeneration Partners L.P.
Third-party steam supplier under a purchase agreement
NYSERDA
State agency partner for clean energy fund management and REC procurement
Subsidiaries
Consolidated Edison Company of New York, Inc.
Primary regulated utility subsidiary (CECONY)
Orange and Rockland Utilities, Inc.
Regulated utility subsidiary serving NY and NJ (O&R)
Con Edison Transmission, Inc.
Subsidiary for transmission project investments
Rockland Electric Company
New Jersey utility subsidiary of O&R
Honeoye Storage Corporation
Gas storage subsidiary
Consolidated Edison FAQ
Common questions about Consolidated Edison
Consolidated Edison is a major energy holding company that provides essential electric, gas, and steam delivery services to millions of customers in New York City, Westchester County, and parts of New Jersey. The company operates primarily through regulated utilities, focusing on infrastructure reliability, grid modernization, and the transition to clean energy. Its core value proposition is centered on providing safe and resilient energy delivery while driving shareholder value through regulated earnings growth and consistent dividends.
Consolidated Edison (ED) has a market capitalization of $39.5B and trades on NYSE.
Consolidated Edison generated $17.2B in trailing twelve-month revenue with net income of $2.2B, representing a net margin of 12.5%. These figures are based on the Q1 2026 filing.
Consolidated Edison's key competitors include Public Service Enterprise Group, Exelon Corporation, Xcel Energy, Inc., and others. These companies compete in similar markets and product categories.
Consolidated Edison has approximately 14,592 employees.