Welcome to our dedicated page for Consolidated Edison news (Ticker: ED), a resource for investors and traders seeking the latest updates and insights on Consolidated Edison stock.
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) generates a steady flow of news as one of the nation’s largest investor-owned energy-delivery companies. Through its subsidiaries Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc., the company provides electric, gas and steam service in and around New York City and parts of New Jersey, and invests in electric and gas transmission assets.
News about ED commonly centers on quarterly earnings releases, where Con Edison reports net income and adjusted earnings, explains major drivers of performance at CECONY, O&R and Con Edison Transmission, and reconciles GAAP results to non‑GAAP measures. These updates often discuss rate base changes, regulatory developments, capital spending and the impact of items such as the sale of the former Clean Energy Businesses and the company’s equity interest in Mountain Valley Pipeline, LLC.
Investors also see frequent announcements on common stock dividends, including declared per‑share amounts and payment schedules, as well as notices about upcoming earnings release dates and investor presentations. Company leadership uses these events to outline strategy, highlight investments in grid reliability and resilience, and describe how the utilities support New York State’s clean energy goals while serving growing electrification in buildings and transportation.
Regulatory and financing developments appear in Con Edison’s news flow as well, including information later detailed in Form 8‑K filings, such as new debenture issuances, bank credit agreements and multi‑year rate proposals for CECONY’s electric and gas businesses. This news page allows readers to follow ED’s financial performance, regulatory milestones, capital plans and governance updates in one place.
Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 77.5 cents per share on common stock. This dividend is payable on June 15, 2021 to shareholders of record as of May 19, 2021. With approximately $12 billion in annual revenues and $63 billion in assets, Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., providing electric, gas, and steam services primarily in New York City and Westchester County, as well as engaging in renewable energy projects.
Con Edison has been recognized as a leader in the clean energy transition in a ranking by the Smart Electric Power Alliance (SEPA). The company earned a spot on SEPA's 2021 Utility Transformation Leaderboard due to its initiatives such as the electric vehicles strategy, solar panel connectivity, and smart meter implementation. Notably, Con Edison has established aggressive carbon reduction goals and has cut its own emissions by 50% since 2005. The utility plans to achieve 100% clean electricity for customers by 2040 while significantly expanding its energy efficiency programs by 2025.
Con Edison has implemented a new 1-megawatt/1 megawatt hour battery system on City Island, Bronx, to enhance energy reliability, particularly during peak usage times. This is part of their ongoing collaboration with GI Energy under a demonstration project aimed at strengthening the electrical grid. The system will reduce demand on the existing grid during hot summer days. Additionally, Con Edison plans to leverage battery technology to support the transition to clean energy, with future plans including a substantial 100-megawatt/400-megawatt hour battery project in Astoria, Queens.
Con Edison, in collaboration with Lion Electric and Posi-Plus, is set to introduce the first all-electric bucket truck for utility work in the U.S. Scheduled for delivery in early 2022, this innovative vehicle will perform tasks up to 60 feet high while traveling 130 miles on a single charge. The initiative reflects Con Edison’s commitment to fleet electrification and aims to reduce fossil fuel dependency. The truck will be quieter and will eliminate harmful emissions, aligning with the company's Clean Energy Commitment to provide 100% clean electricity by 2040.
On March 22, 2021, Con Edison announced the installation of solar panels on New York City Housing Authority (NYCHA) rooftops by twelve newly trained installers. These panels will generate approximately 1 megawatt of electricity, benefiting at least 400 low- and moderate-income customers who can save around $120 annually on their bills. The initiative aims to create green jobs and enhance access to clean energy. Con Edison is collaborating with NYCHA and partners like Solar One to promote sustainable energy solutions across the city.
Con Edison reported a 2020 net income of $1,101 million ($3.29/share), a decline from $1,343 million ($4.09/share) in 2019. Adjusted earnings were $1,399 million ($4.18/share), down from $1,438 million ($4.38/share). For Q4 2020, net income fell sharply to $43 million ($0.13/share) from $295 million ($0.89/share) in Q4 2019. The 2021 adjusted EPS guidance is set between $4.15 to $4.35, with a projected 4%-6% annual growth over the next five years. Planned capital investments total $4,018 million for 2021 and $8,114 million for 2022-2023, supported by long-term debt and equity issuance.
Con Edison customers demonstrated significant adoption of solar energy in 2020, completing 5,542 solar arrays that can produce 44.77 megawatts. Overall, more than 35,700 projects have been completed with a capacity of 322 megawatts, avoiding 300,000 tons of carbon emissions. Queens led in project completions, while Westchester had the highest production capacity. A new device, Smart ConnectDER, aims to reduce installation costs by $1,000. Con Edison is also accelerating project approval timelines, further supporting its commitment to clean energy.
Con Edison has launched a comprehensive Climate Change Implementation Plan aimed at enhancing the resilience of its energy delivery systems in New York City and Westchester County. The initiative reflects the recognition of climate vulnerabilities and incorporates climate change projections into operational planning. The company aims to fortify infrastructure against extreme weather, with updates including new flood-design standards and a commitment to provide customers with 100% clean electricity by 2040. Regular assessments and stakeholder feedback will guide ongoing adaptation efforts.
Consolidated Edison, Inc. (NYSE:ED) will report its 2020 earnings on February 18, 2021, after market close. As a major energy-delivery company, Con Edison boasts approximately $13 billion in annual revenues and $60 billion in assets. The company operates through various subsidiaries, including a regulated utility serving New York City and Westchester County, as well as firms specializing in renewable energy and transmission projects.
Consolidated Edison (NYSE: ED) declared a quarterly dividend of 77.5 cents per share, marking a 4 cent annual increase over last year’s $3.06. This dividend is payable on March 15, 2021, to stockholders of record as of February 17, 2021, representing the 47th consecutive annual increase. The company expects 2020 adjusted earnings at the low end of $4.15 to $4.30 per share due to pandemic impacts, with a target dividend payout ratio of 60%-70% of adjusted earnings, potentially exceeding this range in 2021.