Headquartered in New York, NY Fiscal year ends December NYSE: ED conedison.com
Consolidated Edison, Inc. (Con Edison) is a holding company for regulated energy delivery businesses in New York and New Jersey. It has no long-term holding company debt, and roughly 93% of its assets sit in its largest subsidiary, CECONY.
- **CECONY (Consolidated Edison Company of New York):**
- Provides electric service in New York City and Westchester County, gas service in Manhattan, the Bronx and parts of Queens and Westchester, and steam service in Manhattan.
- Serves about 3.7 million electric customers, 1.0 million gas customers and roughly 1,465 steam customers.
- Its territory includes critical infrastructure such as the NYSE, NASDAQ, the MTA, and JFK and LaGuardia airports.
- **Orange and Rockland Utilities (O&R):**
- Serves a 1,300-square-mile area in southeastern New York State and northern New Jersey, the latter through Rockland Electric Company (RECO).
- Delivers electricity to about 0.3 million customers and gas to over 0.1 million.
- **Con Edison Transmission:**
- A FERC-regulated business that holds interests in New York Transco electric transmission projects, including TOTS, NYES and the Propel NY Energy project under development.
Revenue is largely protected from volume swings by New York revenue decoupling and weather normalization mechanisms. Fuel and purchased power costs are passed through to customers.
Growth is driven by capital investment in electrification, substations, reliability and climate resilience. Average utility rate base is projected to grow from about $46.4 billion in 2025 to $66.8 billion in 2030.
In 2026 the company sold its equity interest in Mountain Valley Pipeline. In October 2026 it completed the sale of its Honeoye Storage interests, refocusing it on regulated wires, pipes and transmission. Updated
A higher CECONY electric rate base added $62 million to net income year over year, enough to carry a double beat and let management narrow 2026 adjusted EPS guidance to $6.05 to $6.15. The catch for income holders: ongoing equity issuance already shaved $0.05 a share this quarter and funds a capital plan rising toward $8.57 billion by 2030.
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Consolidated Edison, Inc. (Con Edison) is a holding company for regulated energy delivery businesses in New York and New Jersey.
24/7 Wall St.'s 12-month price target for ED is $127.21, rated Buy. The Wall Street consensus target is $109.50. ED price prediction →
