Welcome to our dedicated page for Consolidated Edison news (Ticker: ED), a resource for investors and traders seeking the latest updates and insights on Consolidated Edison stock.
Consolidated Edison Inc (NYSE: ED), a cornerstone of New York's energy infrastructure, provides essential electricity, gas, and steam services to millions. This page aggregates all official company announcements and third-party analyses for investors tracking this regulated utility leader.
Access real-time updates on earnings reports, regulatory rate cases, and infrastructure modernization initiatives. Stay informed about Con Edison's grid resilience projects, sustainability programs, and operational milestones through verified press releases and curated industry coverage.
Key content includes quarterly financial disclosures, FERC/PSC regulatory filings, storm response updates, and clean energy partnerships. Bookmark this page for streamlined monitoring of ED's strategic developments within the evolving utility landscape.
Consolidated Edison, Inc. (NYSE: ED) announced plans to report its 2nd Quarter 2021 earnings on August 5, 2021, after market closure. With approximately $12 billion in annual revenues and $62 billion in assets, Con Edison stands as one of the largest investor-owned energy-delivery companies in the U.S. The company provides diverse energy products and services through its subsidiaries, including regulated utilities and significant renewable energy initiatives.
Consolidated Edison, Inc. (ED) announced a quarterly dividend of 77.5 cents per share on its common stock. This dividend will be payable on September 15, 2021, to shareholders on record as of August 18, 2021. Con Edison reported annual revenues of approximately $12 billion and total assets of $62 billion, highlighting its position as one of the largest investor-owned energy-delivery companies in the U.S. The company operates various regulated utilities and is significantly involved in renewable energy projects.
Con Edison is partnering with Centrica Business Solutions to develop a clean energy innovation hub in Brooklyn, featuring a 5-megawatt battery energy storage system and 18 public electric vehicle chargers. Located at 223 Nevins St, this project will be New York City's first to combine these technologies. The battery, capable of powering around 5,000 apartments for four hours, will be operational by summer 2022 and remain until at least 2035. This initiative aims to enhance energy reliability, support the shift to electric vehicles, and promote environmental sustainability.
Consolidated Edison, Inc. (NYSE: ED) is set to issue 10,100,000 common shares through an offering led by Barclays. The shares are expected to be issued on June 18, 2021, pending customary conditions. Proceeds from the sale will fund construction expenditures and general corporate purposes in its regulated utility subsidiary. This offering is part of their effective shelf registration with the SEC. Detailed information, including the prospectus, will be accessible via the SEC's website and Barclays.
Con Edison has invested $1.5 billion in enhancing its electric-delivery system in New York City and Westchester County. This initiative supports the state's transition to clean energy, including adding energy storage and promoting electric vehicles. The company has installed numerous transformers and cables in preparation for summer demand, projecting a peak electricity demand of 12,880 megawatts. While residential electricity costs may rise by 6.5% in Westchester, New York City customers could see a 4.2% decrease. Con Edison is committed to sustainability through various incentives and tech advancements.
Crestwood Equity Partners LP (NYSE: CEQP) and Consolidated Edison, Inc. (NYSE: ED) announced the sale of Stagecoach Gas Services LLC to Kinder Morgan, Inc. (NYSE: KMI) for $1.225 billion. Proceeds will be split evenly, enhancing Crestwood's financial flexibility and targeting a leverage ratio of 3.50x to 3.75x by year-end 2021. This divestiture involves a significant portion of Stagecoach valued at $1.195 billion and includes vital gas storage and pipeline assets in New York and Pennsylvania, providing substantial throughput and storage capacity.
Consolidated Edison CEO Timothy Cawley will present at the Citi 2021 Global Energy & Utilities Virtual Conference on May 12, 2021, at 8:40 a.m. EDT. A live audio webcast will be available, along with a replay, on the company's investor relations website. Consolidated Edison is a major energy-delivery company with approximately $12 billion in annual revenues and $62 billion in assets, serving customers through various subsidiaries in New York and beyond.
Consolidated Edison, Inc. (NYSE: ED) reported a first-quarter net income of $419 million or $1.23 per share for 2021, compared to $375 million or $1.13 per share in 2020. Adjusted earnings rose to $491 million or $1.44 per share, up from $451 million or $1.35 per share in the previous year. The company reaffirmed its 2021 adjusted earnings per share forecast of $4.15 to $4.35, excluding certain impairments and accounting effects. CEO Timothy P. Cawley emphasized Con Edison's commitment to clean energy investments and reliable service.
On May 3, 2021, a Midtown Manhattan apartment building became the first in the region to install electric vehicle chargers through Con Edison's PowerReady incentive program. The program offers incentives for installing EV chargers to offset upfront costs, with a commitment to provide around 19,000 charging plugs in NYC and Westchester County by the end of 2025. The building's garage features 10 level 2 charging plugs capable of powering vehicles in about six hours. This initiative supports New York's clean energy goals and aims to reduce emissions from transportation for a sustainable future.
Consolidated Edison, Inc. (NYSE: ED) plans to announce its 1st Quarter 2021 earnings on May 6, 2021, after market close. The firm reports annual revenues of approximately $12 billion and manages assets worth $63 billion. Con Edison operates through multiple subsidiaries, providing electric, gas, and steam services in New York City and surrounding areas. Additionally, it is a significant player in the solar energy sector, being the second-largest solar developer in the U.S. with a focus on renewable energy projects.
