This is a significant safety advance that will alert the company about potentially dangerous situations immediately, generating quicker emergency response. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.© 2016 - 2019 Consolidated Edison Company of New York, Inc. All Rights Reserved.
Con Edison also has been active in promoting science, technology, engineering and mathematics (STEM) programs; the company is exposing college students to the possibility of a future environment and energy career through the Con Edison Scholars Network, a community of Con Edison STEM Scholarship recipients from colleges and universities in the company’s service area. NEW YORK, Aug. 6, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 second quarter net income for common stock of $190 million or $0.57 a share compared with $152 million or $0.46 a share in the 2019 second quarter. Demonstrating the seriousness with which it views environmental and social responsibility disclosure, Con Edison has adopted the American Gas Association’s (AGA) Environmental Social & Governance (ESG) Reporting Template for gas operations beginning with this report.
The AGA adopted these standards in November, 2018.
The report features updates on progress in three core areas, focusing on safety and the environment; the customer and the community; and operational excellence. The solar and wind acquisitions bring Con Edison’s total renewable portfolio to 2,600 megawatts. The effort is part of the company’s “Clean Energy Commitment” ( Since an estimated 30 percent of the city’s carbon production comes from cars, trucks, and other vehicles, Con Edison is taking special steps to encourage the use of more electric vehicles (EVs). Their 12-week green jobs training program prepares students through hands-on projects such as tree surveys, water quality testing, and shoreline restoration. Installations are slated to begin later this year.The company also is transitioning its fleet of light-duty vehicles to EVs, and is exploring opportunities and alternative technologies to reduce fossil fuel use for medium- and heavy-duty trucks.Con Edison continues to aggressively pursue options to reduce carbon emissions from natural gas infrastructure and offer customers new options that ensure safe, reliable delivery of the commodity to meet customer needs.While the company’s gas main replacement program also has resulted in carbon reductions, pipeline constraints have tightened gas supply.
Con Edison’s Sustainability Report utilizes the framework of the Task Force on Climate-Related Financial Disclosures (TCFD), which provides guidance on voluntary assessment and climate risk disclosure, facilitating reporting on environmental, social and governance (ESG) issues. The company’s quest for operational excellence and system reliability was recognized with the 2018 ReliabilityOne™ Award from PA Consulting Group for Outstanding Reliability Performance in the Northeast Region.
The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.Press release content. The meters also will reduce power-generation emissions through more effective voltage regulation, diminishing customer costs by lessening the energy needed during its delivery. Con Edison’s Sustainability Report for 2013 was released, revealing company units have reduced greenhouse gas emissions 43 percent since 2005. The company is promoting future green careers through its support of Sustainable South Bronx. When autocomplete results are available use up and down arrows to review and enter to select. Adjusted earnings were $451 million or $1.35 a share in the 2020 period compared with $448 million or $1.39 a share in the 2019 … “Powering the lives of 10 million people, we are committed to building tomorrow’s grid in a manner that supports renewable energy sources like solar and offshore wind, while empowering customers to make smarter energy choices.”The company’s expanding array of energy efficiency programs have helped over a million customers, preventing seven million metric tons of carbon emissions, equal to taking more than a million cars off the road. Touch device users, explore by touch or with swipe gestures. The Investor Relations website contains information about Consolidated Edison, Inc.'s business for stockholders, potential investors, and financial analysts. Consolidated Edison, Inc.’s (Con Edison) [NYSE: ED] 2018 Sustainability Report noted that the New York-based energy company acquired solar and wind projects worth $2.1 billion through its Clean Energy Businesses subsidiary last year, making the corporation the second largest solar producer in North America.
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