Consolidated Edison, Inc. (ED) is an American energy company with a history dating back to 1823. Headquartered in New York City, it is one of the largest energy companies in the United States, providing electric, gas, and steam services to over 10 million customers in New York City and Westchester County.
Named after the inventor of the light bulb, Thomas Edison, Consolidated Edison can trace its roots back almost two centuries. It was formed in 1936 by the merger of several gas, electric, and transportation companies in New York. ED continuously enhanced its operations and implemented innovative strategies to maintain its leading position in the energy market.
Consolidated Edison has two primary subsidiaries: Con Edison Company of New York, Inc. (CECONY), and Orange and Rockland Utilities (O&R). CECONY provides electric services to approximately 3.5 million customers and gas service to nearly 1.1 million customers, while O&R serves several counties in southeastern New York and northern New Jersey. The company also operates Con Edison Energy, Con Edison Development, and Con Edison Solutions, providing competitive energy and sustainability services.
ED is committed to sustainable energy solutions and is a leading investor in renewable and clean energy projects. This commitment further extends to their dedication to reducing their carbon emissions. As part of its Clean Energy Commitment, ED aims to have a carbon-free electric mix by 2040.
Maintaining a strong commitment to its customers, communities, and shareholders, ED has been recognized for its operational excellence and customer service. It was recognized by PA Consulting as the recipient of the 2019 ReliabilityOne™ Award for Outstanding Midsize Utility for demonstrating exceptional power reliability.
Despite challenges, particularly from climate change and the need for infrastructure upgrades, Consolidated Edison has remained resilient. It continues to focus on modernizing its infrastructure, improving the resiliency of its systems, and aiding in New York's transition to renewable energy. The company executes its corporate responsibility through environmental stewardship, community partnerships, and investments in energy technologies that protect their customers and their investments. ED's unceasing dedication to ensuring reliable energy, resilience in storm restoration, and commitment to the environment has made it a cornerstone in the energy sector.
In financial performance, ED has consistently delivered solid dividends to its shareholders, with an impressive track record of over 40 consecutive years of annual dividend increases, positioning it as a reliable choice for long-term investors. Its financial strength, proven resilience, and focus on a sustainable future make Consolidated Edison Inc. a significant player in the energy industry.
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A nor'easter has caused power outages across several Staten Island ZIP codes on Sunday. Con Edison is responding to reports, with at least 452 customers without power as of 8:45 a.m., mainly in the 10304 ZIP code. This follows 1,663 reported outages between Friday and Saturday morning, nearly all storm-related.
U.S. Global Investors, Inc. (GROW) is under market scrutiny after approving continued monthly dividends and reporting stronger travel spending, positioning it prominently in the dividend stocks conversation. The article emphasizes that market attention will be tied to the quality of GROW's execution rather than just the announcement, urging investors to monitor consistent delivery in subsequent disclosures. It also highlights the importance of considering sector-wide conditions and company-specific risks when evaluating GROW's performance.
A proposed $67 billion takeover of Dominion Energy by NextEra Energy is causing significant concern among Virginians and their leaders. Residents fear increased costs and potential conflicts of interest given NextEra's structure, which includes both regulated and unregulated energy businesses. Lieutenant Governor Ghazala Hashmi has submitted 64 questions to both companies, and the governor has also intervened, with public testimony and an evidentiary hearing scheduled for November.
Argus released an analyst report on Consolidated Edison, Inc. (ED) on September 23, 2026, indicating solid adjusted earnings growth in the second half of 2026. The report highlights that Con Edison, following the sale of its Clean Energy Businesses, now operates as a pure-play regulated utility serving millions of customers in New York. The current price for ED is $102.71, with the full price target available in the detailed report.
Edison International faces a complex challenge as it funds a $40 billion grid transformation and absorbs wildfire liabilities, even as its dividend yield appears attractive. Despite 22 consecutive dividend raises and a 6.3% yield, the company was downgraded by S&P due to wildfire settlements exceeding $1 billion and operating cash flow not fully covering capital expenditures and dividends. This situation places Edison International in a unique position among California utilities, offering high yield but also significant exposure to unresolved risks.
The New York Public Service Commission recently approved the 90-mile, $3.3 billion Propel New York electric transmission project. Con Edison will be involved in the development of this project, which is expected to support the company's earnings growth trajectory. This approval is seen as another constructive regulatory outcome for Con Edison.
Massachusetts Energy Secretary Rebecca L. Tepper requested Eversource justify the need for a 5.3-mile gas pipeline in Springfield three years ago, but the company has yet to provide the necessary supplemental report. The project remains stalled in the approval process as Eversource continues to work on the required environmental impact report, now expected by the end of 2026. This delay highlights ongoing challenges and scrutiny for new gas infrastructure projects in the state.
WEC Energy Group (WEC) has become a focus in dividend stocks due to falling bond yields enhancing the appeal of dependable cash-generating businesses. The company's regulated electric and gas operations offer stable customer demand, contrasting with the volatility of growth shares. The article emphasizes that while market interest is high, investors should look for concrete evidence of execution in customer response, product priorities, and capital allocation to confirm the narrative.
Consolidated Edison (ED) is gaining attention among dividend stocks, driven by falling bond yields that enhance the appeal of dependable cash-generating businesses. The company's focus on regulated electric and gas utility services positions it uniquely within the market. Investors should look for specific company communications regarding customer response, product priorities, and capital allocation to confirm the current market interest.