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Consolidated Edison Inc   (ED)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Consolidated Edison Inc

Business Description


Consolidated Edison, Inc. (Con Edison), incorporated in New York State in 1997, owns all of the outstanding common stock of Consolidated Edison Company of New York, Inc. (Con Edison of New York) and Orange and Rockland Utilities, Inc. (O&R). Con Edison of New York and O&R, which are regulated utilities. Con Edison has no significant business operations other than those of the Utilities and Con Edison's unregulated subsidiaries.

Con Edison's principal business segments are Con Edison of New York's regulated electric, gas and steam utility segments, O&R's regulated electric and gas utility segments and the unregulated businesses of Con Edison's other subsidiaries.

Competition

Con Edison of New York is primarily a "wires and pipes" energy delivery company that:

• has sold most of its electric generating capacity;

• provides its customers the opportunity to buy electricity and gas from other suppliers;

• purchases most of the electricity and all of the gas supplies it sells to its full-service customers (the cost of which is recovered pursuant to provisions approved by the PSC); and

• provides energy delivery services to customers pursuant to rate provisions approved by the PSC.




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