No corporate funds are used for political contributions to candidates or political parties. We don’t make independent expenditures in support of or in opposition to a candidate or political party. No corporate payments have been made, nor do we intend to make payments, to influence the outcome of ballot measures.
Con Edison does not contribute to political committees organized under section 527 of the Internal Revenue Code.
Con Edison Political Action Committee
The Consolidated Edison Inc. Employees' Political Action Committee (CEIPAC) is a nonpartisan political action committee.
- CEIPAC is funded by voluntary contributions from eligible employees who are not reimbursed. CEIPAC administrative expenses are funded entirely through in-kind contributions from Consolidated Edison, Inc. 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.
- The current members of the CEIPAC Executive Committee 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 Development, Inc.; Vice President, Government, Regional and Community Affairs of CECONY; and President and Chief Executive Officer of Orange and Rockland Utilities, Inc.
- The CEIPAC Executive Committee 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 audits the financial statements of the CEIPAC on a yearly basis.
Industry Groups and Trade Associations
Con Edison is a member of a number of trade associations that may engage in political activities or make political contributions. Our main purpose of membership in trade associations is the business, technical, and industry benefits these organizations provide. Trade organizations take a wide variety of positions on many political matters, not all of which Con Edison supports.
Con Edison is a dues-paying member of the following industry groups and trade associations, which spent $25,000 or more of Con Edison’s dues on lobbying activities in 2015:
- Business Council of New York State: $27,032
- American Gas Association: $36,624
- Edison Electric Institute: $158,404
Con Edison's political activities are reported and properly disclosed in accordance with federal, state, and local laws. Federal and state disclosures regarding the company's lobbying activities are publicly available.
Con Edison regularly supports a diverse group of federally tax exempt entities organized under section 527 of the Internal Revenue Code. To the best of Con Edison's knowledge, none of the 501(c)(3) groups that Con Edison supports are engaged in authoring model legislation.
Con Edison supported the following federally tax exempt social welfare organizations in the amounts listed below for the purposes specified in 2015:
- National Action Network—$10,000 for their annual convention
- Public Affairs Council—$18,200 for corporate membership
- United Community Civic Association—$1,000 for their annual holiday brunch
- Westchester County Association—$40,000 for annual membership and $5,000 for their “Women in Tech” conference