From our early history lighting gas lamps to today’s cutting edge electric vehicle and smart-grid technologies, Con Edison has powered New York for nearly 200 years. Nearly 10 million people depend on us to provide safe, reliable, and affordable energy to light and warm their homes, run their businesses, and help the region grow. Our five businesses’ goal of evolving for the future encompasses changing industry, customer needs, and regulatory priorities. The theme of this year’s sustainability report – Measuring for Success – is reflective of how we gauge and report on that evolution.
A breakdown of 2014 revenue for Con Edison, Inc. is provided below by business for Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and the competitive energy businesses (CEBs), which are comprised of Con Edison Solutions, Con Edison Development, and Con Edison Energy
Con Edison, Inc. (CEI) is one of the nation’s largest investor-owned energy companies, with over $12 billion in annual revenues and more than $44 billion in assets. The principal business segments of Con Edison, Inc. are Consolidated Edison Company of New York, Inc. with regulated electric, gas, and steam utility activities; Orange and Rockland Utilities, Inc. with regulated electric and gas utility activities; and Con Edison’s competitive-energy businesses. Con Edison, Inc. is headquartered in New York City with virtually all its revenues generated in the United States. Con Edison, Inc. is traded on the New York Stock Exchange, ticker symbol ED.
Con Edison’s competitive-energy businesses participate in segments of the electricity industry that include electric generation from renewable sources, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services. For more information, please visit the CEI website, conEdison.com.
Con Edison of New York (CECONY) is CEI’s largest subsidiary. It is a regulated utility providing electric service to approximately 3.4 million customers throughout New York City (except for a small area of Queens) and most of Westchester County. Con Edison of New York also provides natural gas service to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester.
Con Edison of New York operates one of the world’s largest steam distribution systems, providing service for approximately 1,700 customers in Manhattan south of 96th Street. Steam is used year-round, for heat and hot water in the winter, and for air-conditioning in the summer.
Overall, Con Edison of New York serves a population of nearly 10 million and more than 50 million annual visitors to New York City, throughout a service territory covering 660 square miles. Selected information on the scale of Con Edison of New York operations is provided in the following table. For more information visit the Con Edison of New York website, conEd.com.
Orange and Rockland (O&R) is a wholly owned CEI-regulated subsidiary, headquartered in Pearl River, New York, that delivers both electricity and natural gas in southeastern New York and northeastern Pennsylvania, and electricity in northern New Jersey. O&R provides electric service to approximately 0.3 million customers and gas service to over 0.1 million customers in its service territory of 1,350 square miles and population of roughly 740,000. For more information, visit the O&R website, oru.com.
Con Edison Solutions (CES) is a leading energy services company that provides competitive power supply, renewable energy, sustainability services, cost-effective energy-efficiency solutions, and performance contracting services for commercial, industrial, residential, and government customers nationwide. The company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls Church, Virginia; Houston, Texas; Tampa, Florida; Overland Park, Kansas; Nashville, Tennessee, and Bloomington, Minnesota. The company offers innovative products, financial stability, and a commitment to customer service. The firm’s dedicated team of energy professionals delivers a broad range of energy solutions. Con Edison Solutions offers programs and services designed to help customers achieve their individual energy objectives. It is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).
Con Edison Solutions serves retail electric commodity customers in New York, New Jersey, Massachusetts, Connecticut, New Hampshire, Maryland, Delaware, Pennsylvania, Texas, Illinois, Maine, Rhode Island, Ohio, and the District of Columbia, and retail gas commodity customers in New York and New Jersey. For more information, visit the CES website, conedsolutions.com.
Con Edison Development (CED) develops, owns, and operates renewable and energy infrastructure projects. The company focuses its efforts on projects that provide stable earnings and leverage the core strengths of Consolidated Edison, Inc. CED functions as a growth vehicle for the Competitive Energy Businesses and focuses on renewable energy and gas assets as part of an overall corporate goal of responsible environmental stewardship. Through its deep resources and trusted relationships with a range of energy-related companies, Con Edison Development has built a robust pipeline of renewable energy projects, and has opportunistically grown its portfolio to more than 550 MW as of year-end 2014. For more information, visit the CED website, coneddev.com.
Con Edison Energy (CEE) manages the output and fuel requirements for 5,100 MW of third-party generating plants in the Northeast. The company also provides wholesale hedging and risk management services to CES and CED. In addition, the company contracts for and optimizes energy assets such as transmission, ISO interfaces, natural gas storage and transportation. For more information, visit the CEE website, conedenergy.com.