Consolidated Edison, Inc. operates as a holding company for regulated utilities that deliver energy to the New York metropolitan area. Its largest subsidiary, CECONY, provides electricity, natural gas, and steam to customers in New York City and Westchester County, while Orange and Rockland Utilities (O&R) serves electric and gas customers in southeastern New York and northern New Jersey. The company's revenue is primarily driven by its electric distribution business, supplemented by significant natural gas operations and a unique district steam system in Manhattan. Additionally, its Con Edison Transmission segment invests in electric transmission projects to support the regional transition to renewable energy. As the longest continuously listed company on the New York Stock Exchange, Con Edison operates under a highly regulated model that provides stable, rate-based returns while managing extensive infrastructure upgrades and climate resilience initiatives.
