Table of Contents
Table of Contents 2
List of Tables 5
Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Capacity 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Transmission 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Distribution 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Customers 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Segmental Information 7
Consolidated Edison Company of New York Inc, Operational Metrics, By Sales 8
Consolidated Edison Company of New York Inc, Thermal Power Plants 9
Consolidated Edison Company of New York Inc, Thermal Power Plants, United States 9
Consolidated Edison Company of New York Inc, Commercial Reactors 11
Consolidated Edison Company of New York Inc, Commercial Reactors, United States 11
Business Description 12
Business Overview 12
Electric 12
Overview 12
Capital Expenditure 12
Gas 12
Overview 12
Capital Expenditure 12
Steam 12
Overview 12
Capital Expenditure 12
Major Products and Services 13
History 14
SWOT Analysis 16
Overview 16
Consolidated Edison Company of New York Inc Strengths 16
Vertically Integrated Electricity Business 16
Customer Base 16
Operational Performance 17
Consolidated Edison Company of New York Inc Weaknesses 17
Working Capital Deficit 17
Consolidated Edison Company of New York Inc Opportunities 17
Increase in Demand for Electricity: the US 17
Strategic Initiatives 17
Natural Gas Consumption: US 17
Consolidated Edison Company of New York Inc Threats 17
Operational Risk 17
Theft of Electricity 18
Seasonal Variations and Climatic Conditions 18
Key Employees 19
Key Employee Biographies 20
Locations And Subsidiaries 21
Head Office 21
Financial Deals Landscape 22
Consolidated Edison Company of New York Inc, Deals Summary 22
Consolidated Edison Company of New York Inc, Power, Deal Details 23
Partnerships 23
Consolidated Edison Forms Partnership with SunPower 23
Debt Offering 24
Consolidated Edison Company of New York Prices Public Offering of Series 2018 C Floating Rate Debentures Due 2021 for USD640 Million 24
Consolidated Edison Company of New York Prices Public Offering of 4.5% Series 2018 B Debentures Due 2058 for USD700 Million 26
Consolidated Edison Company of New York Prices Public Offering of 3.8% Series 2018 A Debentures Due 2028 for USD300 Million 28
Consolidated Edison Company of New York Prices Public Offering of 4% Series 2017 C Debentures Due 2057 for USD350 Million 30
Consolidated Edison Company of New York Prices Public Offering of 3.125% Series 2017 B Debentures Due 2027 for USD350 Million 32
Consolidated Edison Company of New York Raises USD500 Million in Public Offering of 3.875% Debenture Due 2047 34
Consolidated Edison Company of New York Raises USD500 Million in Public Offering of 4.3% Series 2016-C Debentures Due 2056 36
Consolidated Edison Company of New York Raises USD250 Million in Public Offering of 2.9% Series 2016-B Debentures Due 2026 38
Consolidated Edison Company of New York Raises USD550 Million in Public Offering of 3.85% Series 2016-A Debentures Due 2046 40
Consolidated Edison Company of New York Raises USD850 Million in Public Offering of 4.45% Debentures Due 2044 42
Consolidated Edison Company of New York Raises USD700 Million in Public Offering of 3.95% Debentures Due 2043 44
Consolidated Edison Company of New York Raises USD400 Million in Public Offering of 4.2% Debentures Due 2042 46
Recent Developments 48
Consolidated Edison Company of New York Inc – Recent Developments 48
Oct 14, 2010: New York’s Smart Grid Projects Move Ahead 48
Jun 30, 2010: NYPA Approves Federal Lease Application For LI-NYC Offshore Wind Project 49
Jul 10, 2013: EnergyHub and Con Edison partner to bring the consumer face of the smart grid to New York City customers 49
Jul 13, 2011: Comverge Partners Con Edison To Provide Intelligent Energy Management Solutions To New York City’s Department Of Homeless Services 50
Jan 27, 2011: NYSERDA Partners With Con Edison To Reduce Energy Usage And Control Costs At Data Centers 50
Jul 16, 2018: Con Edison To Report 2nd Quarter 2018 Earnings On August 2 51
Dec 01, 2017: Robert Sanchez Named OR President and CEO 51
Apr 25, 2017: Con Edison Podcast: Battery Storage Technology In New York City Neighborhoods 51
Apr 20, 2017: Con Edison Projects Would Make Region’s Ride to Electric Vehicles Smoother 52
Apr 17, 2017: Con Edison Program Paying Rewards for Smart Electric Vehicle Charging 53
Mar 14, 2017: Utilities Overwhelmingly Select FirstFuel for Business Customer Engagement in 2016 53
Feb 28, 2017: Con Edison Storing the Future for Energy Customers 54
Sep 20, 2016: Gov. Karyn Polito dedicates new Solar Installation in Westfield, Massachusetts 55
Jul 12, 2016: Con Edison Developing Energy Storage System On Wheels 55
Jun 17, 2016: New York State Public Service Commission: Con Edison Public Statement Hearings Set 56
May 26, 2016: Con Edison Forecasts Summer Savings; $1.6 Billion Invested For Reliability 56
Apr 25, 2016: NYCHA Reduces Energy Demand, Increases Efficiency Through Collaboration With Con Edison 57
Apr 20, 2016: PSC Announces $171 Million Settlement To Benefit Con Edison Customers 57
Apr 18, 2016: Con Edison Customers Shining And Saving With More Than 100 Megawatts Of Solar 58
Mar 08, 2016: Dip in Energy Prices Plus Energy Efficiency = Savings 59
Feb 26, 2016: Con Edison Enhances Electric Reliability 59
Jan 29, 2016: Con Edison Files Electric & Gas Rate Proposals For 2017 59
Nov 19, 2015: Commission: Con Edison Directed To Respond To DPS Report Alleging Violation Of State Safety Regulations In Connection With 2014 East Harlem Natural Gas Explosion 60
Jul 20, 2015: Con Edison Crews Responding To Outages On Staten Island 61
Jul 20, 2015: Con Edison Asking Customers In Midtown West To Conserve Energy 61
Jun 17, 2015: Third Year Freeze of Con Edison Electric Rates Approved 61
Jun 09, 2015: NTSB: Defective Joint, Lack Of Supporting Soil Caused East Harlem Gas Main Leak That Killed Eight, Destroyed Two Buildings 62
Apr 17, 2015: Con Edison Customers Seeing Sunny Side Of Saving Energy, Lowering Bills 62
Mar 23, 2015: 20 Con Edison Contractors Are At Home With Energy Efficiency 63
Feb 19, 2015: Two From Con Edison Win Awards for East River Environmental Project 63
Jan 30, 2015: Con Edison 2016 Rate Plan Cites Reliability, Storm Prep, Better Technology 64
Nov 06, 2014: Alstom successfully delivers demand response system for New York 65
Jun 17, 2014: Con Ed Utility Shutoff Warnings to Customers Hits Record High – More Than in Great Recession 65
Dec 06, 2013: Con Edison President Craig Ivey to Speak at Wells Fargo 2013 Energy Symposium 66
Oct 18, 2012: NYPSC Provides More Flexibility For Con Edison Customers To Install CHP Generating Facilities 66
Sep 13, 2012: NYPSC Directs Con Edison To Establish $5m Credit For Ratepayers From Shareholder Funds 67
Jun 05, 2012: TDI And Con Edison Reach Agreement Regarding Champlain Hudson Power Express Project 67
Apr 30, 2012: Phase II Study Report Of New York State Transmission Assessment And Reliability Study Group Released: NYSEG 67
Sep 15, 2011: LI-NYC Offshore Wind Collaborative Applies For Federal Lease For Offshore Site 69
Aug 18, 2011: New York PSC Announces Changes To Energy Efficiency Proceeding 69
May 19, 2011: New York PSC Adopts Eight Recommendations Regarding High Voltage Transmission ROW Vegetation Management Practices 70
May 19, 2011: NYPSC Approves New Demand Side Management Program For Con Edison 71
May 19, 2011: New York PSC Receives Update From Department Of Public Service On Electricity Supply In 2011 Summer 71
Mar 10, 2011: Con Edison Works With O&R For Electric Service Improvement Project 72
Jan 20, 2011: NYSPSC Approves Con Edison’s Demand Response Programs 72
Jan 06, 2011: New York PSC To Seek Public Comments On Electric Utility Transmission ROW Management Practices 73
Jul 15, 2010: NYSPSC Approves New Metering Rules For Renewable Energy 74
Aug 04, 2009: Con Edison Launches Smart Grid Pilot Program In Queens, Will Test Solar Energy, Smart Meters, Plug-In Car Technology 74
Aug 04, 2009: Consolidated Edison Plans $6m Smart Grid Pilot Program In Queens 75
Jun 27, 2007: DOE Provides Up To $51.8m To Modernize US Electric Grid System 76
Apr 11, 2007: Ambient To Install BPL Equipment On Con Edison’s Underground Electric System 77
Jan 11, 2017: Willdan Awarded $75 Million Base Contract for Con Edison Energy Efficiency Program 78
Nov 07, 2016: Green Charge Awarded Contract With Con Edison to Deliver 13 Megawatt Hours of Distributed Energy Storage 78
Oct 26, 2016: Smart Grid Solutions to install electric smart meters and gas smart modules in US 78
Sep 07, 2016: Tarsier Wins Con Edison Contract for Energy Curtailment 79
Mar 10, 2016: Con Edison Selects Opower for Customer Engagement Initiatives 79
Feb 11, 2016: Aclara Meters Selected by Consolidated Edison, Inc. to Provide Electric Smart Meters for Advanced Metering Infrastructure Project 79
Feb 09, 2016: IBM Selected by Consolidated Edison, Inc. for a Transformational Project 80
Jan 22, 2016: Mountain Valley Pipeline Secures New Shipper Commitment with Con Edison 80
Jan 19, 2016: Con Edison Selects EnerNOC’s Energy Intelligence Software for Large-Scale Energy Procurement 81
Jul 09, 2013: Ambient Awarded Contract by Consolidated Edison to Provide Application and Communications for Commercial and Industrial Customers 81
Oct 04, 2012: Champion Energy Services Approved As Energy Services Company In New York 82
Feb 16, 2012: Green Charge Networks Selects Saft To Support Smart Grid Demonstration Project In New York 82
Feb 06, 2012: Siemens And TIBCO To Provide Smart Grid Integration Solution To Con Edison 82
Sep 14, 2009: EnergyHub Selected By Con Edison As Partner For Its Smart Grid Pilot Program 83
Appendix 84
Report Scope 84
GlobalData Coverage 84
Benchmarking 84
GlobalData’s Methodology 84
Secondary Research 84
Primary Research 85
Contact Us 85
Disclaimer 85
Consolidated Edison Company of New York Inc, Key Facts 6
Consolidated Edison Company of New York Inc, Operational Metrics, Capacity 7
Consolidated Edison Company of New York Inc, Operational Metrics, Transmission 7
Consolidated Edison Company of New York Inc, Operational Metrics, Distribution 7
Consolidated Edison Company of New York Inc, Operational Metrics, Customers 7
Consolidated Edison Company of New York Inc, Operational Metrics, Segmental Information 7
Consolidated Edison Company of New York Inc, Operational Metrics, Sales 8
Consolidated Edison Company of New York Inc, Thermal Power Plants, United States 9
Consolidated Edison Company of New York Inc, Commercial Reactors, United States 11
Major Products and Services 13
Consolidated Edison Company of New York Inc, SWOT Analysis 16
Consolidated Edison Company of New York Inc, Key Employees 19
Consolidated Edison Company of New York Inc, Deals Summary 22
Consolidated Edison Forms Partnership with SunPower 23
Consolidated Edison Company of New York Prices Public Offering of Series 2018 C Floating Rate Debentures Due 2021 for USD640 Million 24
Consolidated Edison Company of New York Prices Public Offering of 4.5% Series 2018 B Debentures Due 2058 for USD700 Million 26
Consolidated Edison Company of New York Prices Public Offering of 3.8% Series 2018 A Debentures Due 2028 for USD300 Million 28
Consolidated Edison Company of New York Prices Public Offering of 4% Series 2017 C Debentures Due 2057 for USD350 Million 30
Consolidated Edison Company of New York Prices Public Offering of 3.125% Series 2017 B Debentures Due 2027 for USD350 Million 32
Consolidated Edison Company of New York Raises USD500 Million in Public Offering of 3.875% Debenture Due 2047 34
Consolidated Edison Company of New York Raises USD500 Million in Public Offering of 4.3% Series 2016-C Debentures Due 2056 36
Consolidated Edison Company of New York Raises USD250 Million in Public Offering of 2.9% Series 2016-B Debentures Due 2026 38
Consolidated Edison Company of New York Raises USD550 Million in Public Offering of 3.85% Series 2016-A Debentures Due 2046 40
Consolidated Edison Company of New York Raises USD850 Million in Public Offering of 4.45% Debentures Due 2044 42
Consolidated Edison Company of New York Raises USD700 Million in Public Offering of 3.95% Debentures Due 2043 44
Consolidated Edison Company of New York Raises USD400 Million in Public Offering of 4.2% Debentures Due 2042 46
