Consolidated Edison Inc provides energy services through its subsidiaries.
The New York-based firm is also known by its acronym ConEd or Con Edison. It supplies electricity and steam delivery services in New Jersey, New York, and Pennsylvania and supplies electricity to wholesale customers.
It is a public company that is listed on NYSE trading platform. The trading symbol is ‘ED’.
The American firm operates and conducts its business through the following entities:
• Orange & Rockland
• Con Edison Energy
• Con Edison Solution
• Con Energy of New York
• Con Edison Transmission
The Con Edison Transmission segment invests in natural gas and electricity transmission projects and reportedly offers the customers with low-cost energy.
Con Energy is an asset manager that also deals with the marketing of power.
Through its subsidiary Con Development, the firm owns, operates and develops energy and renewable infrastructure assets across North America.
In addition, the Con Edison Solution provides sustainable energy solutions, including cost-effective renewable energy and energy performance contracting.
The company aims to mitigate the impact of its operations on the environment and claims to promote sustainable principles actively.
The firm says that its subsidiary, Con Energy of New York, has extensive steam distribution system in the United States. It claims to produce and deliver approximately 16,554 MMlb of steam annually and provides energy services to over 1,576 customers in Manhattan.
In addition, the subsidiary provides utility services to over 3.5 million customers in the area of its operations. Under the gas operations, Con Energy of New York delivers gas to approximately 1.1 million customers in the Bronx, Westchester County, Manhattan, and parts of Queens reportedly.
Orange & Rockland and its subsidiary claims to cater to three lakh customers in New Jersey and New York. The network is spread in nearly 1,300 square mile service area, the energy services firm claims.