Summary

Consolidated Edison serves 3 million electric customers, 1.1 million gas customers, and 1,800 steam customers throughout the New York region. ED provides a wide range of energy-related products and services through the following subsidiaries: Consolidated Edison Co. of New York (CECONY), a regulated utility providing electricity, gas and steam in New York City and Westchester County; Orange and Rockland Utilities, a utility serving customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, which owns and operates generating plants and participates in other infrastructure projects; and Con Ed Transmission, a FERC-regulated electric and natural gas utility. The company employs approximately 15,000 people.

With the sale of Con Edison Clean Energy Businesses, Con Ed has become a pure-play regulated utility with about 94% of assets at CECONY, which also accounts for approximately 93% of total revenues. The company has little generating power except for steam production, and