Molly Ayala
Consolidated Edison, Inc., commonly known as Con Edison (ConEd), is one of the largest investor-owned energy companies in the United States, providing energy to customers in New York City and Westchester County. ConEd sources electricity from various traditional and renewable energy sources, including solar, wind, and generating stations. The electricity is then distributed through a network of cables, with voltage adjustments made along the way to ensure it reaches homes and businesses at the appropriate levels. Understanding your ConEd bill is important, as it includes supply charges for the electricity consumed and delivery charges for getting it to you, with prices fluctuating based on usage and demand.
| Characteristics | Values |
|---|---|
| Company Name | Consolidated Edison, Inc. |
| Common Name | Con Edison or ConEd |
| Type of Company | One of the largest investor-owned energy companies in the United States |
| Revenue | Approximately $12 billion in annual revenues as of 2017 |
| Assets | Over $62 billion in assets |
| Electricity Sources | Solar, wind, or generating stations |
| Electricity Transmission | Nearly 128,000 miles of cables |
| Electricity Consumption | Higher during peak hours |
| Gas Sources | From all over the country through thousands of miles of pipes |
| Steam Sources | Plants all over the city |
| Carbon Footprint | Reduced emissions and carbon footprint |
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What You'll Learn
- Consolidated Edison, commonly known as ConEd, is one of the largest investor-owned energy companies in the US
- ConEd sources electricity from solar, wind, and generating stations all over New York
- ConEd offers a variety of programs and resources for its customers, such as the CONCERN Program
- ConEd utilises smart meters and offers incentives for customers to reduce their energy usage during peak times
- ConEd's subsidiary, Orange & Rockland Utilities, was criticised for its response to Hurricane Sandy in 2014
Consolidated Edison, commonly known as ConEd, is one of the largest investor-owned energy companies in the US
Consolidated Edison, commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States. With approximately $12 billion in annual revenue as of 2017 and over $62 billion in assets, ConEd provides a wide range of energy-related products and services to its customers through its subsidiaries.
The company was founded in 1823 and is headquartered in New York, NY. It operates as a holding company, Consolidated Edison, Inc., through its subsidiaries, engaging in the business of regulated electric, gas, and steam delivery. The Consolidated Edison Company of New York, Inc. (CECONY) is a regulated utility providing electric and gas services in New York City and Westchester County, New York, as well as steam service in the borough of Manhattan. Another subsidiary, Orange and Rockland Utilities, Inc., is a regulated utility serving customers in a 1,300-square-mile area in southeastern New York and northern New Jersey. Con Edison Transmission, Inc. invests in electric and natural gas transmission projects.
ConEd offers various programs and resources for its customers, including the CONCERN Program, which provides eligible customers with advice about government aid programs, safety tips, and ways to save money on their energy bills. The company also contributes funding and volunteer hours to many non-profit organizations and learning centers, such as the New York Botanical Garden and Hudson Valley Groundworks Science Barge.
ConEd sources electricity from various traditional and renewable energy sources, including solar and wind power, and utilizes nearly 128,000 miles of cables to carry electricity throughout the sourcing process. In 2015, electric revenues accounted for 70.35% of consolidated sales, highlighting the significant role of electricity in the company's business.
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ConEd sources electricity from solar, wind, and generating stations all over New York
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is one of the largest investor-owned energy companies in the United States. It provides a wide range of energy-related products and services to its customers through its subsidiaries. ConEd sources electricity from solar, wind, and generating stations all over New York.
Con Edison's electricity comes from a variety of traditional and renewable energy sources. The company sources electricity from solar power, wind energy, and generating stations located across New York. Con Edison steps down the voltage for distribution and then steps it up again for transmission over wires. This process is repeated as the electricity reaches its final destination, be it a home or a business. This extensive process involves nearly 128,000 miles of cables.
Con Edison is committed to supporting New York state and city's transition to clean energy. They assist customers who generate their own energy through solar systems, offering guidance and support for those interested in installing solar panels on their residential or commercial properties. Solar systems harness the sun's energy using photovoltaic panels that convert sunlight into electric power, providing an easy-to-install, low-maintenance, and cost-effective energy solution.
In addition to solar energy, Con Edison has expanded into the wind energy business. They have invested in wind farms in Nebraska and South Dakota, utilising large blades to catch the wind and spin turbines to generate electricity. The company is also preparing for offshore wind energy, with the Brooklyn Clean Energy Hub serving as a significant interconnection point for offshore wind and other clean energy resources. This $810 million transmission substation will provide clean energy to millions in the heart of New York City, contributing to the city's goal of a more sustainable future.
Con Edison is taking bold steps towards a clean energy future, ensuring that New York can meet the increasing demand for power as the transition to electric vehicles and heat pumps accelerates. By identifying neighbourhoods where infrastructure capacity may be exceeded, Con Edison is proactively addressing future reliability needs with projects like the Brooklyn Clean Energy Hub. This project will not only provide a reliable supply of clean energy but also bring economic benefits to the surrounding areas, creating union jobs during construction and long-term maintenance positions.
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ConEd offers a variety of programs and resources for its customers, such as the CONCERN Program
Consolidated Edison, commonly known as Con Edison, ConEdison, or ConEd, is one of the largest investor-owned energy companies in the United States. ConEd offers a variety of programs and resources for its customers, including the CONCERN Program.
The CONCERN Program offers eligible customers a specially trained representative and advice about government aid programs, safety tips, and ways to save money on their energy bills. ConEd also offers other financial assistance programs to help customers pay their energy bills. For example, qualifying customers can enrol in the Energy Affordability Program for 12 months, with continued enrolment contingent on annual recertification. Customers who are behind on their energy bills can also be enrolled in Budget Billing.
Additionally, ConEd offers the Home Energy Assistance Program (HEAP), which helps income-eligible customers pay for heating their homes. Eligible customers may receive one regular HEAP benefit per program year and may also be eligible for emergency benefits if they are in danger of running out of fuel or having their energy service shut off. The Emergency HEAP Benefit can help eligible customers heat their homes during a heat or heat-related emergency. This program will also cover the cost of an air conditioning unit and installation for those susceptible to extreme heat and humidity.
ConEd sources electricity from various traditional and renewable energy sources, including solar, wind, and generating stations across New York. The company also provides gas and steam services to its customers.
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ConEd utilises smart meters and offers incentives for customers to reduce their energy usage during peak times
Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States. It provides a wide range of energy-related products and services to its customers through its subsidiaries. ConEd utilises smart meters and offers incentives for customers to reduce their energy usage during peak times.
The Smart Meter Project saw over five million electric and gas meters replaced, with the majority of the rollout completed in 2022. ConEd offers programs and resources for its customers, including the CONCERN Program, which offers eligible customers advice about government aid programs, safety tips, and ways to save money on energy bills.
Con Edison's Smart Energy Plan is a two-year pilot being conducted in Staten Island, Westchester County, and Brooklyn, with about 295,000 customers recruited and more than 92,000 enrolled. The plan incentivises customers to stagger their energy use during summer peak hours and shift energy use to off-peak hours when possible. On the standard rate, customers are charged the same price for electric delivery regardless of when they use energy. However, the Smart Energy Plan prices electric delivery higher during peak periods when demand is typically higher. Customers pay less during off-peak periods when demand is lower.
The Smart Usage Rewards program is free and available to Con Edison customers in New York City and Westchester. It rewards customers for decreasing energy use during the summer when energy demand is at its yearly high. Rewards are determined by the Smart Usage Partner chosen and the amount of energy reduced. Past participants have earned up to $100 in rewards by reducing their energy strategically during the summer. Aggregators or direct enrollees can earn up to $18,000 a year for every 100 kilowatts (kW) reduced.
Con Edison sources electricity from various traditional and renewable energy sources, including solar and wind, from all over New York. The voltage is adjusted for distribution and transmission over nearly 128,000 miles of cables.
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ConEd's subsidiary, Orange & Rockland Utilities, was criticised for its response to Hurricane Sandy in 2014
Consolidated Edison, Inc., commonly known as Con Edison (stylized as ConEdison) or ConEd, is one of the largest investor-owned energy companies in the United States. The company provides a wide range of energy-related products and services to its customers through its subsidiaries.
One of its subsidiaries, Orange & Rockland Utilities, Inc., is a regulated utility serving customers in a 1,300-square-mile (3,400 sq km) area in southeastern New York and northern New Jersey. It is headquartered in Pearl River, NY, and serves a population of approximately 750,000 in six counties. Orange & Rockland Utilities was criticised for its response to Hurricane Sandy in 2014, as some customers experienced a loss of electrical power for 11 days.
Con Edison sources electricity from all over New York, including solar, wind, and generating stations. The voltage is stepped down for distribution and then stepped up for transmission over wires. Nearly 128,000 miles of cables carry electricity throughout the sourcing process.
ConEd offers a variety of programs and resources for its customers and stakeholders, such as the CONCERN Program, which offers eligible customers advice about government aid programs, safety tips, and ways to save money on their energy bills. The company has also been recognised for its commitment to sustainability and making a positive impact on the environment. For example, in 2014, Con Edison was named the #1 utility and #16 overall among corporations in Newsweek's Green Rankings.
In addition to its electricity business, Con Edison also provides gas and steam services in New York City and Westchester County, New York. The company has been criticised in the past for issues related to its gas services, such as a reported gas leak in 2014 that led to an explosion in East Harlem, killing eight people.
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Frequently asked questions
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is one of the largest investor-owned energy companies in the United States. The company provides energy-related products and services to its customers through its subsidiaries.
Con Edison sources electricity from traditional and renewable energy sources, including solar, wind, and generating stations. The voltage is adjusted for distribution and transmission over nearly 128,000 miles of cables.
Con Edison's electricity rates consist of supply charges and delivery charges. Supply charges refer to the cost of the electricity consumed, while delivery charges cover the cost of getting the electricity to the customer. Various taxes and surcharges related to electricity delivery may also be included in the bill.
