Con Edison Applauds United States Court Of Appeals Clean Energy Ruling

Rhea-AI Summary

Con Edison has expressed strong approval of a recent federal court ruling that reinstates stringent greenhouse gas emission regulations. The utility was involved in the litigation process, emphasizing its commitment to address climate change. Con Edison, a subsidiary of Consolidated Edison, Inc. (NYSE: ED), serves approximately 3.5 million customers across New York City and Westchester County, with annual revenues nearing $13 billion. The company looks forward to collaborating with Congress and the new administration to enact decisive climate actions.

Positive

• Con Edison participated as a litigant in a significant court case favoring strict greenhouse gas regulations.
• The ruling is expected to facilitate collaborative efforts with Congress and the new administration on climate change initiatives.

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• None.

NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Con Edison applauds today's federal court decision striking down the rollback of historic greenhouse gas emission regulations. Con Edison was proud to be one of the litigants in this historic case, and we are eager to get to work with Congress and the incoming administration to finally implement the bold actions necessary to address the real and growing threat of climate change.

Read the decision here:
https://www.cadc.uscourts.gov/internet/opinions.nsf/6356486C5963F49185258662005677F6/$file/19-1140-1880546.pdf

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $60 billion in assets. The utility delivers electricity, natural gas and steam to 3.5 million customers in New York City and Westchester County, N.Y.

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View original content:http://www.prnewswire.com/news-releases/con-edison-applauds-united-states-court-of-appeals-clean-energy-ruling-301211209.html

SOURCE Consolidated Edison Company of New York

FAQ

What did Con Edison announce on January 19, 2021 regarding greenhouse gas emissions?

Con Edison applauded a federal court ruling that reinstated historic greenhouse gas emission regulations.

How does the court ruling benefit Con Edison and its stakeholders?

The ruling positions Con Edison favorably in climate change initiatives, allowing for potential collaboration with Congress and the administration.

What is Con Edison's annual revenue and customer base?

Con Edison generates approximately $13 billion in annual revenues and serves 3.5 million customers in New York City and Westchester County.

What is the stock symbol for Con Edison?

Con Edison operates under the stock symbol 'ED' on the New York Stock Exchange.