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Consolidated Edison, Inc. (Con Edison) is one of the largest investor-owned energy delivery companies in the United States, with approximately $15 billion in annual revenues for the year ending 2023 and $69 billion in assets as of September 30, 2024 . The company operates primarily through its subsidiaries, providing regulated electric, gas, and steam services . Con Edison's main business activities include energy delivery and transmission, with a significant portion of its revenue generated from electric operations . The company sells energy services through its subsidiaries, focusing on electric, gas, and steam services .
- Consolidated Edison Company of New York, Inc. (CECONY) - Provides regulated electric, gas, and steam services, contributing significantly to the company's overall revenue.
- Orange and Rockland Utilities, Inc. (O&R) - Offers regulated electric and gas services in southeastern New York and northern New Jersey.
- Con Edison Transmission, Inc. - Focuses on electric transmission projects and manages both electric and gas assets, with a minimal revenue contribution compared to the utility segments.
| Revenue by Segment - in Millions of USD | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CECONY | - | - | - | - | - | - | - | - | |||||
| - Electric | - | - | - | - | - | - | - | 3,376 | |||||
| - Gas | - | - | - | - | - | - | - | 337 | |||||
| - Steam | - | - | - | - | - | - | - | 49 | |||||
| O&R | - | - | - | - | - | - | - | - | |||||
| - Electric | - | - | - | - | - | - | - | 293 | |||||
| - Gas | - | - | - | - | - | - | - | 36 | |||||
| Con Edison Transmission | - | - | - | - | - | - | - | 1 | |||||
| Other | - | - | - | - | - | - | - | 0 | |||||
| Electric | - | - | - | - | - | - | - | 3,669 | |||||
| Gas | - | - | - | - | - | - | - | 373 | |||||
| Steam | - | - | - | - | - | - | - | 49 | |||||
| Non-utility | - | - | - | - | - | - | - | 1 | |||||
| Total Revenue | - | - | - | - | - | - | - | 4,092 | |||||
| KPIs - Metric (Unit, Scale) | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 |
| Electric deliveries to Residential/Religious (b) (millions of kWh) | 2,614 | 2,280 | 3,960 | - | 11,574 | 2,591 | 2,520 | 4,155 | |||||
| Electric deliveries to Residential/Religious (b) in the CECONY service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Electric deliveries to Commercial/Industrial in the CECONY service area (millions of kWh) | 2,787 | 2,340 | 3,052 | - | 10,895 | 2,672 | 2,208 | 2,947 | |||||
| Electric deliveries to Retail choice customers in the CECONY service area (millions of kWh) | 4,805 | 4,644 | 5,914 | - | 20,315 | 4,768 | 4,851 | 6,168 | |||||
| Electric deliveries to NYPA, Municipal Agency and other sales in the CECONY service area (millions of kWh) | 2,330 | 2,126 | 2,657 | - | 9,472 | 2,301 | 2,261 | 2,653 | |||||
| Electric deliveries in the CECONY service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to Residential in the CECONY service area (thousands of Dt) | 22,508 | 8,508 | 3,884 | - | 45,741 | 20,652 | 9,394 | 3,557 | |||||
| Gas deliveries to General in the CECONY service area (thousands of Dt) | 12,526 | 6,136 | 3,252 | - | 31,784 | - | - | - | |||||
| Gas deliveries to Firm transportation (thousands of Dt) | 31,657 | 14,198 | 9,953 | - | 72,740 | 29,498 | 15,886 | 9,726 | |||||
| Gas deliveries to Firm transportation in the CECONY service area (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to Interruptible sales (c) in the CECONY service area (thousands of Dt) | 1,863 | 3,443 | 2,693 | - | 7,892 | 1,185 | 1,987 | 496 | |||||
| Gas deliveries to Interruptible sales (c) (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to NYPA in the CECONY service area (thousands of Dt) | 9,973 | 24,092 | 15,214 | - | 53,541 | 12,991 | 15,413 | 15,611 | |||||
| Gas deliveries to NYPA (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to Generation plants (thousands of Dt) | 11,781 | 11,453 | 23,215 | - | 61,453 | 12,949 | 13,965 | 21,255 | |||||
| Gas deliveries to Generation plants in the CECONY service area (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries in the CECONY service area (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Steam deliveries to General in the CECONY service area (MMlb) | 261 | 47 | 7 | - | - | 251 | 315 | 15 | |||||
| Steam deliveries to General in the CECONY service area (millions of pounds) | - | - | - | - | - | - | - | - | |||||
| Steam deliveries to Apartment house in the CECONY service area (millions of pounds) | 2,012 | 828 | 568 | - | 4,657 | 2,105 | 915 | 591 | |||||
| Steam deliveries to Annual power in the CECONY service area (millions of pounds) | 4,359 | 1,769 | 1,796 | - | 10,359 | 4,293 | 1,851 | 1,677 | |||||
| Steam deliveries (millions of pounds) | 6,632 | 9,275 | 2,371 | - | 15,444 | 6,649 | 9,479 | 2,283 | |||||
| Electric deliveries to Residential/Religious (b) in the O&R service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Electric deliveries to Commercial/Industrial in the O&R service area (millions of kWh) | 262 | 231 | 252 | - | 958 | 238 | 223 | 269 | |||||
| Electric deliveries to Retail choice customers (millions of kWh) | 495 | 563 | 703 | - | 2,397 | 582 | 635 | 721 | |||||
| Electric deliveries to Retail choice customers in the O&R service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Electric deliveries to Public authorities (millions of kWh) | 27 | 26 | 34 | - | 113 | 27 | 28 | 31 | |||||
| Electric deliveries to Public authorities in the O&R service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Electric deliveries in the O&R service area (millions of kWh) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to Residential in the O&R service area (thousands of Dt) | 5,208 | 6,732 | 7,640 | - | 11,428 | 5,974 | 1,783 | 8,620 | |||||
| Gas deliveries to General in the O&R service area (Thousands of Dt) | 1,094 | 314 | 184 | - | 2,929 | - | - | - | |||||
| Gas deliveries to Firm transportation in the O&R service area (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Gas deliveries to Interruptible sales in the O&R service area (thousands of Dt) | 957 | 1,760 | 2,656 | - | 3,301 | 747 | 556 | 1,411 | |||||
| Gas deliveries to Generation plants in the O&R service area (thousands of Dt) | 1 | 1 | 3 | - | 4 | 2 | - | 4 | |||||
| Gas deliveries in the O&R service area (thousands of Dt) | - | - | - | - | - | - | - | - | |||||
| Annual steam production and delivery in CECONY distribution system (million pounds) | 16,408 | 16,017 | 15,794 | - | 15,444 | 15,444 | 15,444 | 15,444 | |||||
| Annual steam production and delivery in CECONY distribution system (MMlb) | - | - | - | - | - | - | - | - | |||||
| Number of electric customers in CECONY service area (customers) | 3.6 million | 3.6 million | 3.6 million | - | - | 3.7 million | 3.7 million | 3.7 million | |||||
| Number of gas customers in CECONY service area (customers) | 1.1 million | 1.1 million | 1.1 million | - | - | 1.1 million | 1.1 million | 1.1 million | |||||
| Number of steam customers in CECONY service area (customers) | - | - | - | - | - | - | - | - | |||||
| Number of electric customers in O&R service area (customers) | 0.3 million | 0.3 million | 0.3 million | - | - | 0.3 million | 0.3 million | 0.3 million | |||||
| Number of gas customers in O&R service area (customers) | - | - | - | - | - | - | - | - | |||||
| Maximum electric peak demand in CECONY service area (MW) | - | - | 11,464 | - | 11,565 | - | - | 11,822 | |||||
| Peak demand at design conditions in CECONY service area (MW) | - | - | 12,567 | - | 12,800 | - | - | 12,540 | |||||
| Electric peak demand at design conditions in the CECONY service area (MW) | - | - | 12,567 | - | 12,800 | - | - | 12,540 | |||||
| Forecast electric peak demand in the CECONY service area (MW) | - | - | - | - | - | - | - | 12,800 | |||||
| Maximum electric peak demand in O&R service area (MW) | - | - | 1,336 | - | 11,565 | - | - | 1,484 | |||||
| Peak demand under design conditions in O&R service area (MW) | - | - | 1,493 | - | 12,800 | - | - | 1,533 | |||||
| Electric peak demand at design conditions in the O&R service area (MW) | - | - | 1,493 | - | - | - | - | 1,533 | |||||
| Forecast electric peak demand in the O&R service area (MW) | - | - | 1,545 | - | - | - | - | 1,530 | |||||
| Five-year forecast of average annual growth in electric peak demand for CECONY (percent) | - | - | 0.7 | - | 0.7 | - | - | 1.0 | |||||
| Five-year forecast of average annual growth in firm peak gas demand for CECONY (percent) | - | 0.8 | 0.8 | - | - | - | 0.1 | 0.1 | |||||
| Five-year forecast of average annual growth in electric peak demand for O&R (percent) | - | - | 2.0 | - | - | - | - | 3.7 | |||||
| Five-year forecast of average annual firm peak gas demand for O&R (percent) | - | -0.2 | -0.2 | - | -0.2 | - | -0.1 | -0.1 |
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Timothy P. Cawley ExecutiveBoard | Chairman, President, and CEO | Director of American Gas Association, Edison Electric Institute, Partnership for New York City, Trust for Governors Island | Joined ED in 1987; became CEO in December 2020; extensive leadership in utility operations and strategic planning. | View Report → |
Joseph Miller Executive | Vice President, Controller, and CAO | None | Serves as Chief Accounting Officer; signature appears in the most recent 8-K filing from November 2024. | |
Kirkland B. Andrews Executive | Chief Financial Officer | None | Succeeded Robert Hoglund as CFO in July 2024; oversees financial strategy and operations. | |
Robert Sanchez Executive | President, Shared Services (CECONY) | None | Former President & CEO of Orange & Rockland Utilities; transitioned to Shared Services role in April 2024. | |
Armando J. Olivera Board | Director | Director at Fluor Corporation and Lennar Corporation; Trustee Emeritus at Cornell University | Former CEO of Florida Power & Light; extensive experience in utility operations and sustainability. | |
Catherine Zoi Board | Director | Director at Soli Organic, Inc. | Former CEO of EVgo; extensive leadership in clean energy and sustainability sectors; served in the Obama Administration overseeing energy investments. | |
Deirdre Stanley Board | Director | Trustee of Hospital for Special Surgery and The Dalton School | Former EVP and General Counsel at Estée Lauder and Thomson Reuters; extensive legal and corporate governance expertise. | |
Dwight A. McBride Board | Director | Trustee of Institute of International Education; Board Member of Dan David Prize | Academic leader; currently Gerald Early Distinguished Professor at Washington University in St. Louis. | |
Ellen V. Futter Board | Director | Director of Evercore Inc.; Trustee of Brookings Institution, Cold Spring Harbor Laboratory, Memorial Sloan-Kettering Cancer Center | Former President of the American Museum of Natural History; extensive experience in management and operations of public-serving organizations. | |
John F. Killian Board | Director | Trustee of Goldman Sachs Trust II; Trustee Emeriti of Providence College | Former CFO of Verizon Communications; extensive experience in financial reporting and internal auditing. | |
Karol V. Mason Board | Director | President of John Jay College; Director of Southern Poverty Law Center; Advisory Board Member for multiple organizations | President of John Jay College; extensive leadership in education and public service. | |
L. Frederick Sutherland Board | Director | Director at Colliers International and Sterling Check Corp.; Trustee of WHYY, Duke University, and National Constitution Center | Former CFO of Aramark; expertise in financial reporting, risk management, and corporate compliance. | |
Linda S. Sanford Board | Director | Director at Pitney Bowes and Interpublic Group; Trustee of New York Hall of Science | Former Senior VP at IBM; expertise in IT, cybersecurity, and corporate transformation. | |
Michael W. Ranger Board | Director | Senior Managing Director at Diamond Castle Holdings LLC; Trustee of Atlantic Health System | Extensive experience in investment banking and private equity, particularly in the energy sector. | |
William J. Mulrow Board | Director | Senior Advisory Director at Blackstone; Director at JBG Smith Properties and Titan Mining Corporation | Extensive experience in finance and asset management; former Secretary to the Governor of New York. |
Recent press releases and 8-K filings for ED.
- On March 24, 2025, the company entered into a 364-Day Revolving Credit Agreement to secure up to $500 million in loans, primarily to support its commercial paper program and general corporate purposes.
- The Credit Agreement provides loans at variable interest rates that reflect the company’s credit rating and includes detailed terms regarding default events and termination conditions.
- Corporate counsel confirms that all necessary corporate actions have been taken and the company remains in good standing under New York law.