Consolidated Edison Inc - ED STOCK NEWS

First Student and Con Edison are launching a revolutionary demonstration project in Brooklyn, featuring a smart energy hub and 12 electric school buses with solar panels. This initiative aims to support the efficient electrification of school buses while addressing economic barriers for medium and heavy-duty fleet electrification.

The project introduces First Charge, an innovative trenchless power deployment solution that reduces construction costs by at least 30%. It also showcases Vehicle-to-Everything (V2X) technology, allowing bus batteries to generate additional power for Con Edison during peak demand or emergencies.

This demonstration aligns with First Student's commitment to transition 30,000 fossil-fueled school buses to electric by 2035. The company currently has about 2,000 electric school buses under contract across the U.S. and over 360 EVs deployed.

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) has declared a quarterly dividend of 83 cents per share on its common stock. The dividend is payable on December 16, 2024 to stockholders of record as of November 13, 2024. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with approximately $15 billion in annual revenues for the year-ended 2023 and $68 billion in assets as of June 30, 2024.

The company operates through several subsidiaries, including Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. These subsidiaries provide a wide range of energy-related products and services, including electric, gas, and steam services in New York City and surrounding areas, as well as managing electric and gas assets and developing renewable energy transmission projects in the Northeast.

Consolidated Edison, Inc. (NYSE: ED) will host a clean energy presentation on October 8, 2024, from 9 a.m. to 10 a.m. Eastern Time. The event will include a Q&A session and feature senior leadership presenters, including Tim Cawley, Matt Ketschke, and Kirk Andrews. The live webcast and replay will be available at https://wsw.com/webcast/cc/ed6/1188378 and on Con Edison's Investor Relations website.

Con Edison is a major investor-owned energy-delivery company with $15 billion in annual revenues for 2023 and $68 billion in assets as of June 2024. The company operates through subsidiaries including Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission, providing various energy-related services across New York City, Westchester County, southeastern New York State, and northern New Jersey.

Consolidated Edison, Inc. (NYSE: ED) has announced a clean energy presentation scheduled for October 8, 2024, from 9 a.m. to 10 a.m. Eastern Time. The presentation, led by Chairman and CEO Timothy Cawley, will focus on Con Edison's strategy to support New York State's environmental goals and discuss the company's environmental, social, and governance practices.

Con Edison, one of the largest investor-owned energy-delivery companies in the U.S., reported $15 billion in annual revenues for 2023 and $68 billion in assets as of June 30, 2024. The company operates through various subsidiaries, providing electric, gas, and steam services in New York City and surrounding areas. Con Edison Transmission, Inc. also manages electric and gas assets, focusing on developing clean, renewable electricity projects in the Northeast.

Con Edison (NYSE: ED) executives will participate in investor conferences in September and October 2024. The company's investor presentation will be available on their website under the 'Presentations & Webcasts' section. Con Edison, one of the largest investor-owned energy-delivery companies in the U.S., reported $15 billion in annual revenues for 2023 and $68 billion in assets as of June 30, 2024.

The company operates through several subsidiaries, including:

• Consolidated Edison Company of New York, Inc.: Provides electric, gas, and steam services in New York City and surrounding areas
• Orange and Rockland Utilities, Inc.: Serves customers in southeastern New York State and northern New Jersey
• Con Edison Transmission, Inc.: Manages electric and gas assets, focusing on developing clean energy projects in the Northeast

Con Edison (NYSE: ED) reported 2024 second quarter net income of $202 million ($0.58 per share), down from $226 million ($0.65 per share) in Q2 2023. Adjusted earnings were $203 million ($0.59 per share), compared to $210 million ($0.61 per share) in Q2 2023. For the first six months of 2024, net income was $922 million ($2.67 per share), down from $1,658 million ($4.74 per share) in H1 2023. However, adjusted earnings increased to $945 million ($2.73 per share) from $856 million ($2.45 per share) in H1 2023.

Con Edison reaffirmed its 2024 adjusted earnings per share guidance of $5.20 to $5.40. The company highlighted its reliable electric service and investments in clean energy infrastructure. CEO Tim Cawley emphasized the company's commitment to energy equity and the clean energy transition.

Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 83 cents per share on its common stock. The dividend is payable on September 16, 2024 to stockholders of record as of August 14, 2024. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with annual revenues of approximately $15 billion and assets of $67 billion. The company provides energy-related products and services through its subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. These subsidiaries serve various regions in New York State and northern New Jersey, offering electric, gas, and steam services.

Consolidated Edison (ED) is set to report its 2nd Quarter 2024 earnings on August 1, 2024, post-market. The company, a major investor-owned energy provider, boasts annual revenues of approximately $15 billion and assets totaling $67 billion. Con Edison operates through several subsidiaries: Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission. These subsidiaries serve various regions including New York City, Westchester County, southeastern New York State, and northern New Jersey, providing electric, gas, and steam services. Con Edison Transmission focuses on electric transmission projects aimed at delivering renewable energy to the Northeast.

Evergy (NASDAQ: EVRG) announced that CFO Kirk Andrews will leave the company to become CFO at Consolidated Edison (NYSE: ED). Andrews' departure is effective June 21, 2024. Geoffrey Ley, currently vice president, corporate planning, and treasurer, will serve as acting CFO while maintaining his current responsibilities. Ley joined Evergy in 2021 and has a strong background in financial leadership roles. Evergy's CEO, David Campbell, expressed confidence in Ley's capabilities. Evergy serves 1.7 million customers in Kansas and Missouri, focusing on delivering reliable, affordable, and sustainable energy.