No Con Edison corporate funds are used directly for political contributions to candidates, political parties, or political committees other than contributions to the Consolidated Edison, Inc. Employees’ Political Action Committee (CEIPAC). No corporate payments have been made, nor do we intend to make payments, to influence the outcome of ballot measures. Additionally, neither Con Edison nor CEIPAC makes independent expenditures in support of or in opposition to, candidates, political parties, or ballot measures. Finally, we do not contribute to “independent expenditure” committees organized under section 527 of the Internal Revenue Code.
Con Edison, Inc.’s Political Action Committee
We have a long standing tradition of civic engagement. Our involvement in the public policy debate and political process is an important, necessary, and appropriate part of doing business. One part of our engagement includes participating in the political process at the municipal, state, and federal levels through political contributions.
CEIPAC is a nonpartisan political action committee. Eligible employees voluntarily combine personal contributions to support both federal and state level elected officials and candidates through campaign contributions. CEIPAC funding supports both federal and state level elected officials and candidates through campaign contributions.
- CEIPAC is primarily funded by voluntary contributions from eligible employees who are not reimbursed.
- Con Edison and its subsidiaries may contribute to the CEIPAC as permitted under state and federal law. CEIPAC administrative expenses are funded entirely through in-kind contributions from Consolidated Edison, Inc. and its subsidiaries. All contributions to CEIPAC are provided in accordance with federal and state laws, rules, and regulations and are reported to relevant federal, state, and local campaign finance authorities as required by law.
- Political disbursements made through the CEIPAC are made without regard to the personal or political preferences of company officers and executives.
- CEIPAC is a separate legal entity and is overseen by a board of directors made up of five company executives. They are the: Vice President & Controller of Consolidated Edison Company of New York, Inc. (CECONY); Senior Vice President, Corporate Affairs of CECONY; President and Chief Executive Officer, Con Edison Clean Energy Businesses; Vice President, Government, Regional and Community Affairs of CECONY; and President and Chief Executive Officer of Orange and Rockland Utilities, Inc.
- CEIPAC’s board factors in many criteria when deciding whether to approve contributions, including a candidate's position on issues; voting records; incumbents’ leadership on key committees, and the extent of a member company's presence in a district.
- Con Edison's internal auditing department conducts periodic reviews of CEIPAC's practices and procedures, and an independent auditing firm also reviews those procedures on a yearly basis.
- To make responsible political statements by raising and contributing funds to political candidates on both sides of the aisle
- To monitor, analyze, and review potential candidates to determine their stance towards the industry and how they might engage with the company and its customers
- To educate elected officials about our business and how their constituents may be affected by particular legislation
- To engage employees in the political process and keep them informed of political news