Summary
Consolidated Edison serves 3 million electric customers, 1.1 million gas customers, and 1800 steam customers throughout the New York region. ED provides a wide range of energy-related products and services through the following subsidiaries: Consolidated Edison Co. of New York (CECONY), a regulated utility providing electricity, gas and steam in New York City and Westchester County; Orange and Rockland Utilities, a utility serving customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, which owns and operates generating plants and participates in other infrastructure projects; and Con Ed Transmission, a FERC-regulated electric and natural gas utility. The company employs approximately 15,000 people. With the recent sale of Con Edison Clean Energy Businesses, Con Ed has become a pure-play regulated utility with over 90% of assets at CECONY. The company has little generating power except for steam production, and purchases and transports gas from as far away as Canada and the Gulf of Mexico. Currently, electricity accounts for about 90% of revenue, and about 50% of electric revenues are from businesses and municipal customers. ED is increasing investment in solar and wind generation, and is targeting net-zero emissions by 2040.
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Source: finance.yahoo.com