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Consolidated Edison, Inc. reports developments for a regulated energy holding company whose subsidiaries provide electric, gas and steam service in New York City, Westchester County, southeastern New York and northern New Jersey. Its operating companies include Consolidated Edison Company of New York, Orange and Rockland Utilities and Con Edison Transmission, which develops and invests in electric transmission projects and joint-venture energy assets.
Company news commonly covers quarterly and annual earnings, common stock dividends, investor presentations, equity offerings, credit and financing activity, and capital funding for utility subsidiaries. Updates also address regulated utility operations and transmission investment under state and federal oversight.
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Consolidated Edison, Inc. (NYSE:ED) is set to release its 1st Quarter 2023 earnings on May 4, 2023, after the market closes. The company, a leading energy-delivery provider in the U.S., reported approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. Con Edison serves a wide array of customers through its subsidiaries, including Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., providing utility services across New York City and parts of New Jersey. The upcoming earnings report is anticipated to provide insights into the company’s financial performance and future outlook.
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Consolidated Edison, Inc. (NYSE: ED) announced a quarterly dividend of 81 cents per share, payable on June 15, 2023, to stockholders of record by May 17, 2023.
With approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022, Con Edison is one of the country's largest investor-owned energy delivery companies.
The company, through its subsidiaries, provides electric service in New York City, natural gas service in areas including Manhattan and The Bronx, and steam service in Manhattan. Con Edison also focuses on developing clean, renewable electricity solutions in the Northeast and Midwest regions.
On March 23, 2023, Princeton Identity announced the deployment of its Iris-on-the-Move biometric identity solution by Consolidated Edison Inc (ED). This technology meets the Federal Energy Regulatory Commission's Critical Infrastructure Protection Standards, enhancing security without physical contact. The Iris-on-the-Move system integrates compact Access 200 readers with user-friendly IDS software, allowing for quick user enrollment. Facility Security Officer Scott Gross emphasized the convenience and rigorous security compliance of this touchless technology, which addresses high-security requirements in the utility sector.
On March 17, 2023, Consolidated Edison, Inc. (NYSE: ED) announced that Chairman & CEO Tim Cawley will engage with investors in Europe from March 20-24, 2023. During these meetings, the company plans to discuss its recent Q4 and FY 2022 financial results and outline its business strategy focused on a clean energy future. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. More information can be found in the investor presentation available on their website.