October 5, 2024

Consolidated Edison (Con Ed)

Electrification Raises Concerns over Stranded Gas Assets, Customers
Successful development of low-carbon fuels could avoid stranding natural gas customers and infrastructure, a Con Ed official told the EBA.
Con Edison Q1 Earnings up Nearly 12% YoY
Con Ed reported first quarter net income of $419 million ($1.23/share), up nearly 12% compared with $375 million ($1.13/share) from a year ago.
NYPSC Considers Two Utility Storage Petitions
New York officials heard conflicting stakeholder comments on proposals by 2 utilities to sell their battery power into NYISO’s wholesale electricity market.
NYPSC OKs $800 Million Transmission Cost Recovery for Con Ed
The NYPSC approved $800 million in cost recovery by ConEd for transmission projects to enhance reliability because of the dwindling of peaker plants in NYC.
Con Edison 2020 Earnings down 18% YOY
Con Edison’s 2020 earnings were down 18% from the previous year because of lower C&I demand during the pandemic and costs from Tropical Storm Isaias.
New York PSC OKs Utility Storage Deployment, Cost Recovery
The New York PSC approved filings by the state's utilities implementing cost recovery and sharing plans with ratepayers for storage resources.
NY Utilities Diverge on Managed EV Charging
New York’s six local distribution companies split over whether to adopt “passive” or “active” approaches to managing electric vehicle charging
Meshed OSW Tx Grid May Work Best, NY Officials Hear
Preliminary analysis suggests that a mesh-and-backbone network design would be best to integrate offshore wind into the New York grid.
NYPSC OKs First Rate Increases Since COVID Outbreak
The NYPSC ruled on its first major electric rate case since the pandemic struck, approving three-year phased increases for NYSEG and RG&E.
Con Ed Q3 Earnings up Despite COVID
Consolidated Edison reported third-quarter net income of $1.47/share, even as total revenue slipped because of the COVID-19 pandemic.

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