Risk Management
Con Edison’s business is influenced by many factors that are difficult to predict, and that involve uncertainties that may materially affect actual operating results, cash flows and financial condition.
The company has established an Enterprise Risk Management (ERM) program to identify, assess, manage and monitor its major operations and administrative risks based on established criteria for the severity of an event, the likelihood of its occurrence, and the programs in place to control the event or reduce the impact. Significant risks are discussed with the Board of Directors and its committees throughout the year. In addition, an annual report which includes detailed analysis of the top risks is provided each year.
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