Consolidated Edison

Consolidated Edison, Inc.
legal form	Corporation
ISIN	US2091151041
founding	1823
Seat	New York City , United States
management	John McAvoy (Chairman and CEO )
Number of employees	14,806
sales	12.6 billion US dollars
Branch	Energy supplier
Website	www.coned.com
As of December 31, 2015

Consolidated Edison ( Con Edison ) is a US company headquartered in New York City . The company is listed on the S&P 500 stock index and the Dow Jones Utility Average . In New York City, the company operates the largest commercial district heating network in the United States.

structure

Con Edison is a holding company. Most of the employees work for the subsidiaries Consolidated Edison Company of New York, Inc. (CECONY) and Orange and Rockland Utilities, Inc. (O&R). CECONY operates in the New York City and Westchester County areas, while O&R supplies southeast New York and parts of New Jersey and Pennsylvania. Other companies are Con Edison Solutions , Con Edison Energy and Con Edison Development .

history

The company operates as an energy supplier in New York City as well as in the states of New York, New Jersey and Pennsylvania. In 1823 the New York Gas Light Company was founded. In 1824 the company went public in New York City. The company holds the record as the oldest surviving company listed on the New York City Stock Exchange ( NYSE ). In 1884, six natural gas suppliers were incorporated into the company, which was renamed the Consolidated Gas Company . The company began supplying natural gas to its customers in Manhattan .

Con Edison's electricity business dates back to 1882 when Thomas Edison's Edison Illuminating Company of New York began supplying electrical power to 59 customers in Lower Manhattan . After the "Electricity War" there were over 30 different companies that generated electricity and sold it to customers in New York and Westchester Counties. In the 1920s there were then already much less of these companies, which at the time already Consolidated Gas Company owned New York Edison Company was the clear market leader.

In 1936, at a time when the sales of electric power had overtaken the gas sales, the company was transformed and the name in Consolidated Edison Company of New York, Inc changed. Since then, various other companies have been taken over, and now the company not only supplies electricity and gas, but also district heating.

Consolidated Edison did not finally stop supplying DC voltage until the end of November 2007. Most recently, older elevators in Manhattan in particular had to rely on the DC voltage supply; in 1998, 4,600 customers were supplied with DC voltage. The elevators were converted to AC voltage or renewed when the supply was stopped with rectifiers .

Web links

• Consolidated Edison

Individual evidence

1. ↑ Corporate Leadership
2. ↑ ^{a b c} Form 10-K 2015
3. ↑ IDEA Applauds Recognition of Climate Change in Inaugural Address. (No longer available online.) International District Energy Association, January 22, 2013, archived from the original on December 20, 2013 ; accessed on December 5, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  
4. ↑ A / C but no D / C. Last Con Edison direct current customer is history. (No longer available online.) In: News. Con Edison Media Relations, November 14, 2007, archived from the original September 8, 2014 ; accessed on January 2, 2015 (English, press release): "Utility Retires Direct Current System with a Ceremonial Cable Snip" Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.