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Consolidated Edison Inc's Business Segments
Consolidated Edison Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
30
Largest Segment
CECONY Subsidiaries
Total Revenue
$ 5,095
Regions Reported
-
Revenue Share by Reportable Segment - FY
- CECONY Subsidiaries93.4%
- CECONY91.3%
- CECONY Electric Subsidiaries56.3%
- CECONY Electric54.1%
- CECONY Gas28.7%
- CECONY Gas Subsidiaries28.7%
- O R Subsidiaries9.3%
- O R8.7%
- CECONY Steam Subsidiaries8.5%
- CECONY Steam8.5%
- O R Electric Subsidiaries5.7%
- O R Electric5.5%
- O R Gas Subsidiaries3.6%
- O R Gas3.1%
- Inter-CECONY Steam0.4%
- CECONY Gas Other revenues Subsidiaries0.2%
- Inter-CECONY Electric0.1%
- Inter-CECONY Gas0%
- Con Edison Transmission0%
- Reporting Reconciling Item Corporate Nonsegment0%
- Reporting Reconciling Item Corporate NonOther revenues0%
- Other0%
- CECONY Steam Other revenues Subsidiaries0%
- O R Electric Other revenues Subsidiaries0%
- O R Gas Other revenues Subsidiaries0%
- Inter-CECONY0%
- O R Other revenues Subsidiaries0%
- CECONY Other revenues Subsidiaries0%
- CECONY Electric Other revenues Subsidiaries0%
- Other revenues0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| CECONY Subsidiaries | $ 4,757 | 93.4% |
| CECONY | $ 4,654 | 91.3% |
| CECONY Electric Subsidiaries | $ 2,870 | 56.3% |
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Annual Results
Revenue Share by Reportable Segment - FY
- CECONY Subsidiaries93.4%
- CECONY91.3%
- CECONY Electric Subsidiaries56.3%
- CECONY Electric54.1%
- CECONY Gas28.7%
- CECONY Gas Subsidiaries28.7%
- O R Subsidiaries9.3%
- O R8.7%
- CECONY Steam Subsidiaries8.5%
- CECONY Steam8.5%
- O R Electric Subsidiaries5.7%
- O R Electric5.5%
- O R Gas Subsidiaries3.6%
- O R Gas3.1%
- Inter-CECONY Steam0.4%
- CECONY Gas Other revenues Subsidiaries0.2%
- Inter-CECONY Electric0.1%
- Inter-CECONY Gas0%
- Con Edison Transmission0%
- Reporting Reconciling Item Corporate Nonsegment0%
- Reporting Reconciling Item Corporate NonOther revenues0%
- Other0%
- CECONY Steam Other revenues Subsidiaries0%
- O R Electric Other revenues Subsidiaries0%
- O R Gas Other revenues Subsidiaries0%
- Inter-CECONY0%
- O R Other revenues Subsidiaries0%
- CECONY Other revenues Subsidiaries0%
- CECONY Electric Other revenues Subsidiaries0%
- Other revenues0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| CECONY Subsidiaries | $ 4,757 | 93.4% |
| CECONY | $ 4,654 | 91.3% |
| CECONY Electric Subsidiaries | $ 2,870 | 56.3% |
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Description of Consolidated Edison Inc's Business Segments
Business Description of Consolidated Edison Inc.
Consolidated Edison, Inc. (Con Edison), incorporated in 1997, is one of the largest investor-owned energy delivery companies in the United States. Headquartered in New York City, the company primarily operates through its regulated utility subsidiaries: Consolidated Edison Company of New York, Inc. (Con Edison of New York) and Orange and Rockland Utilities, Inc. (O&R). These subsidiaries serve millions of customers across New York City and surrounding areas, providing essential electric, gas, and steam services.
Business Segments:
1. Con Edison of New York: This division is engaged in the regulated delivery of electric, gas, and steam services to customers in New York City and Westchester County. It plays a crucial role in the energy infrastructure of the region, maintaining a vast network of power lines, gas mains, and steam pipelines. The electric utility segment is particularly significant, supplying electricity to approximately8 million customers, while the gas segment serves around 1.1 million customers. The steam utility, one of the largest in the U.S. provides steam service to numerous commercial and residential establishments in Manhattan.
2. Orange and Rockland Utilities (O&R): O&R provides electric service to approximately 300,000 customers and gas service to around 130,000 customers in a service territory that includes parts of New Jersey, New York, and Pennsylvania. Like its parent, O&R is dedicated to maintaining a reliable energy supply and enhancing the customer experience through sustainable practices.
3. Unregulated Subsidiaries: Con Edison also has a number of unregulated businesses that explore new opportunities beyond the traditional utility model. These ventures include energy management services, renewable energy solutions, and infrastructure investments related to emerging technologies in the energy sector.
Sustainability and Innovation:
Con Edison places a strong emphasis on sustainability and reducing its carbon footprint. The company has committed to various initiatives aimed at enhancing energy efficiency, integrating renewable energy sources, and modernizing its infrastructure. This includes investments in smart grid technologies, electric vehicle charging infrastructure, and energy efficiency programs that benefit customers and promote a sustainable energy future.
Customer Engagement:
The company actively engages with its customers through various platforms, promoting energy conservation and sustainability education. With a focus on enhancing customer service, Con Edison has embraced digital transformation to streamline interactions, enabling customers to manage their energy consumption more effectively.
Regulatory Environment:
As a regulated utility, Con Edison operates under the oversight of governmental agencies, which govern tariffs, service quality, and infrastructure investments. This regulatory framework ensures that Con Edison can provide reliable services while being held accountable for customer satisfaction and environmental stewardship.
Financial Performance:
Con Edison remains financially stable, demonstrating resilience and adaptability across changing market conditions. The company consistently works to balance operational efficiency with investments necessary to modernize and expand its utility infrastructure, ensuring long-term viability and service excellence.
In conclusion, Consolidated Edison, Inc. stands as a vital component of the energy landscape in the northeastern United States, committed to providing reliable utility services while striving toward innovative, sustainable energy solutions. Through its subsidiaries and initiatives, Con Edison continues to advance its mission to deliver safe, reliable, and environmentally responsible energy to its customers.
Consolidated Edison, Inc. (Con Edison), incorporated in 1997, is one of the largest investor-owned energy delivery companies in the United States. Headquartered in New York City, the company primarily operates through its regulated utility subsidiaries: Consolidated Edison Company of New York, Inc. (Con Edison of New York) and Orange and Rockland Utilities, Inc. (O&R). These subsidiaries serve millions of customers across New York City and surrounding areas, providing essential electric, gas, and steam services.
Business Segments:
1. Con Edison of New York: This division is engaged in the regulated delivery of electric, gas, and steam services to customers in New York City and Westchester County. It plays a crucial role in the energy infrastructure of the region, maintaining a vast network of power lines, gas mains, and steam pipelines. The electric utility segment is particularly significant, supplying electricity to approximately8 million customers, while the gas segment serves around 1.1 million customers. The steam utility, one of the largest in the U.S. provides steam service to numerous commercial and residential establishments in Manhattan.
2. Orange and Rockland Utilities (O&R): O&R provides electric service to approximately 300,000 customers and gas service to around 130,000 customers in a service territory that includes parts of New Jersey, New York, and Pennsylvania. Like its parent, O&R is dedicated to maintaining a reliable energy supply and enhancing the customer experience through sustainable practices.
3. Unregulated Subsidiaries: Con Edison also has a number of unregulated businesses that explore new opportunities beyond the traditional utility model. These ventures include energy management services, renewable energy solutions, and infrastructure investments related to emerging technologies in the energy sector.
Sustainability and Innovation:
Con Edison places a strong emphasis on sustainability and reducing its carbon footprint. The company has committed to various initiatives aimed at enhancing energy efficiency, integrating renewable energy sources, and modernizing its infrastructure. This includes investments in smart grid technologies, electric vehicle charging infrastructure, and energy efficiency programs that benefit customers and promote a sustainable energy future.
Customer Engagement:
The company actively engages with its customers through various platforms, promoting energy conservation and sustainability education. With a focus on enhancing customer service, Con Edison has embraced digital transformation to streamline interactions, enabling customers to manage their energy consumption more effectively.
Regulatory Environment:
As a regulated utility, Con Edison operates under the oversight of governmental agencies, which govern tariffs, service quality, and infrastructure investments. This regulatory framework ensures that Con Edison can provide reliable services while being held accountable for customer satisfaction and environmental stewardship.
Financial Performance:
Con Edison remains financially stable, demonstrating resilience and adaptability across changing market conditions. The company consistently works to balance operational efficiency with investments necessary to modernize and expand its utility infrastructure, ensuring long-term viability and service excellence.
In conclusion, Consolidated Edison, Inc. stands as a vital component of the energy landscape in the northeastern United States, committed to providing reliable utility services while striving toward innovative, sustainable energy solutions. Through its subsidiaries and initiatives, Con Edison continues to advance its mission to deliver safe, reliable, and environmentally responsible energy to its customers.
Consolidated Edison Inc. (Con Edison) operates primarily through its regulated electric, gas, and steam utility businesses. These segments are designed to meet the energy needs of its customers in a safe and reliable manner while complying with regulatory standards set forth by the New York State Public Service Commission (PSC). Below is a detailed examination of each operating segment, including their respective products and services.
Operating Segments
1. Electric Operations
Con Edison of New Yorks electric operations form a significant component of its business model, providing electricity to millions of customers. The primary attributes and offerings include:
- Electric Supply: Most of the electricity supplied to customers is procured through firm power contracts and the wholesale electricity market managed by the New York Independent System Operator (NYISO). These firm power contracts are primarily established with non-utility generators (NUGs), ensuring a steady supply of electricity to meet customer demand. Con Edison is also engaged in various initiatives to diversify its energy sourcing, including investments in renewable energy sources such as wind and solar when feasible.
- Electric Distribution: Con Edison operates an extensive electric distribution network, ensuring the safe delivery of electricity from substations to residential, commercial, and industrial customers. The company continually invests in infrastructure improvements, including upgrading substations, wiring, and technology to enhance reliability and efficiency.
- Energy Efficiency Programs: The utility offers a range of energy efficiency programs to help customers reduce consumption and manage energy costs. These programs educate consumers about energy-saving techniques and provide incentives for adopting energy-efficient appliances and systems.
- Demand Response Programs: Con Edison actively participates in demand response initiatives that help balance supply and demand on the grid, particularly during peak usage times. These programs may include incentives for commercial and industrial users to reduce consumption during peak periods, thereby enhancing grid reliability.
Gas Operations
Con Edison operates gas utilities under the banner of both Con Edison and Orange & Rockland (O&R), and offers comprehensive gas supply services:
- Gas Supply: A combined gas supply and capacity portfolio is maintained between Con Edison and O&R under regulatory guidance. The portfolio is adeptly managed by Con Edison to ensure that the gas supply is sufficient for its customers. The services include forecasting energy needs, managing supplier contracts, and guaranteeing reliable delivery.
- Gas Distribution: Similar to electric operations, Con Edison has a robust gas distribution network that transports natural gas to residential and commercial customers. This network is regularly maintained and upgraded to ensure safety and reliability.
- Safety Programs: Con Edison prioritizes safety in its gas operations through rigorous inspection and maintenance protocols. This includes the use of advanced technologies for leak detection and the implementation of comprehensive safety training for employees.
- Energy Efficiency Initiatives: The gas segment offers programs to encourage energy efficiency, such as providing incentives for high-efficiency gas appliances and promoting energy conservation practices among residential and commercial customers.
Steam Operations
Con Edison’s steam operations are a unique aspect of its service offerings:
- Steam Production and Distribution: The company produces steam primarily for heating and industrial processes, servicing Manhattan clients below 96th Street. The steam is used largely in large office buildings, hospitals, and residential apartments, where it is essential for heating, hot water, and cooling systems.
- Sustainability Efforts: Con Edison is involved in initiatives to reduce emissions from its steam production processes. The steam system is continually being upgraded to improve energy efficiency and lower the environmental impact of its operations.
- Customer Support: The company provides comprehensive customer service for its steam customers, including consultations on steam system design, installation, and maintenance to ensure optimal efficiency and usage.
Additional Services and Innovations
Beyond its core operations, Con Edison is involved in various other initiatives aimed at modernizing the energy landscape:
- Smart Grid Technology: The company is integrating advanced technology to develop a smarter grid that enhances reliability, facilitates better energy management for consumers, and supports new energy solutions.
- Electric Vehicles (EV) and Infrastructure: Con Edison actively promotes the adoption of electric vehicles and is involved in expanding EV charging infrastructure across its service areas, enabling a transition toward cleaner transportation options.
- Renewable Energy Integration: The company is committed to integrating more renewable energy sources into its supply portfolio, supporting New York’s goals for sustainability and reduced greenhouse gas emissions.
- Community Outreach and Programs: Con Edison engages in community engagement activities, providing educational programs, energy assistance initiatives, and investment in local projects to enhance community resilience.
In conclusion, Consolidated Edison Inc. operates a comprehensive range of products and services across its electric, gas, and steam segments, while also focusing on sustainability and modernization. The company continually adapts to changing energy needs and regulatory environments, striving to enhance its service offerings and align with broader environmental goals.
Operating Segments
1. Electric Operations
Con Edison of New Yorks electric operations form a significant component of its business model, providing electricity to millions of customers. The primary attributes and offerings include:
- Electric Supply: Most of the electricity supplied to customers is procured through firm power contracts and the wholesale electricity market managed by the New York Independent System Operator (NYISO). These firm power contracts are primarily established with non-utility generators (NUGs), ensuring a steady supply of electricity to meet customer demand. Con Edison is also engaged in various initiatives to diversify its energy sourcing, including investments in renewable energy sources such as wind and solar when feasible.
- Electric Distribution: Con Edison operates an extensive electric distribution network, ensuring the safe delivery of electricity from substations to residential, commercial, and industrial customers. The company continually invests in infrastructure improvements, including upgrading substations, wiring, and technology to enhance reliability and efficiency.
- Energy Efficiency Programs: The utility offers a range of energy efficiency programs to help customers reduce consumption and manage energy costs. These programs educate consumers about energy-saving techniques and provide incentives for adopting energy-efficient appliances and systems.
- Demand Response Programs: Con Edison actively participates in demand response initiatives that help balance supply and demand on the grid, particularly during peak usage times. These programs may include incentives for commercial and industrial users to reduce consumption during peak periods, thereby enhancing grid reliability.
Gas Operations
Con Edison operates gas utilities under the banner of both Con Edison and Orange & Rockland (O&R), and offers comprehensive gas supply services:
- Gas Supply: A combined gas supply and capacity portfolio is maintained between Con Edison and O&R under regulatory guidance. The portfolio is adeptly managed by Con Edison to ensure that the gas supply is sufficient for its customers. The services include forecasting energy needs, managing supplier contracts, and guaranteeing reliable delivery.
- Gas Distribution: Similar to electric operations, Con Edison has a robust gas distribution network that transports natural gas to residential and commercial customers. This network is regularly maintained and upgraded to ensure safety and reliability.
- Safety Programs: Con Edison prioritizes safety in its gas operations through rigorous inspection and maintenance protocols. This includes the use of advanced technologies for leak detection and the implementation of comprehensive safety training for employees.
- Energy Efficiency Initiatives: The gas segment offers programs to encourage energy efficiency, such as providing incentives for high-efficiency gas appliances and promoting energy conservation practices among residential and commercial customers.
Steam Operations
Con Edison’s steam operations are a unique aspect of its service offerings:
- Steam Production and Distribution: The company produces steam primarily for heating and industrial processes, servicing Manhattan clients below 96th Street. The steam is used largely in large office buildings, hospitals, and residential apartments, where it is essential for heating, hot water, and cooling systems.
- Sustainability Efforts: Con Edison is involved in initiatives to reduce emissions from its steam production processes. The steam system is continually being upgraded to improve energy efficiency and lower the environmental impact of its operations.
- Customer Support: The company provides comprehensive customer service for its steam customers, including consultations on steam system design, installation, and maintenance to ensure optimal efficiency and usage.
Additional Services and Innovations
Beyond its core operations, Con Edison is involved in various other initiatives aimed at modernizing the energy landscape:
- Smart Grid Technology: The company is integrating advanced technology to develop a smarter grid that enhances reliability, facilitates better energy management for consumers, and supports new energy solutions.
- Electric Vehicles (EV) and Infrastructure: Con Edison actively promotes the adoption of electric vehicles and is involved in expanding EV charging infrastructure across its service areas, enabling a transition toward cleaner transportation options.
- Renewable Energy Integration: The company is committed to integrating more renewable energy sources into its supply portfolio, supporting New York’s goals for sustainability and reduced greenhouse gas emissions.
- Community Outreach and Programs: Con Edison engages in community engagement activities, providing educational programs, energy assistance initiatives, and investment in local projects to enhance community resilience.
In conclusion, Consolidated Edison Inc. operates a comprehensive range of products and services across its electric, gas, and steam segments, while also focusing on sustainability and modernization. The company continually adapts to changing energy needs and regulatory environments, striving to enhance its service offerings and align with broader environmental goals.