Customer & Community
Stakeholder Engagement & Collaboration
Con Edison works closely with communities to ensure our company’s operational mission is understood and accessible in the communities we serve. For example, we work with local community groups including business improvement districts, chambers of commerce, and local development corporations to inform them about programs such as energy efficiency programs and how to do business with Con Edison.
Policy & Regulatory Impact
CECONY and O&R steadfastly support New York State’s clean energy policies and goals, including plans to reduce GHG emissions 40 percent from 1990 levels by 2030, get 50 percent of our energy from renewable resources by 2030, and increase energy efficiency in buildings 23 percent by 2030.
We work in partnership with our customers, various third parties, and other energy companies to seek innovative ways to achieve clean energy goals. We take pride in our ability to act quickly and responsibly to meet our customers’ needs.
We are working to establish a value-based compensation structure for distributed energy resources that will eventually replace net metering in New York, while continuing to encourage solar and other distributed energy installations. We formed the Solar Progress Partnership to work collaboratively with solar developers in the New York regulatory process.
Shareholders
We are the longest listed company on the New York Stock Exchange and we have increased dividends to our shareholders for 43 consecutive years.
The company expects its adjusted earnings for 2017 to be in the range of $3.95 to $4.15 per share. We expect to meet our 2017 capital requirements through internally generated funds and the issuance of securities. Our plans include the issuance of between $1,000 million and $1,800 million of long-term debt, most of which would be at the utilities, and the issuance of additional debt secured by our renewable electric-production projects. Our plans also include the issuance of up to $350 million of common equity under our dividend reinvestment, employee stock purchase, and long-term incentive plans.
For more information, refer to our Shareholder Services.
Strategic Partnerships
Materials for the Arts
Con Edison supports Materials for the Arts Education Center in Queens, which offers programs to educate teachers, students, and the public on the merits of creatively reusing materials. Programs include professional development, field trips, in-school residencies, and art-activity booths at community events.
GrowNYC
We support Project Farmhouse, a center for sustainability and education in New York City and the site for GrowNYC programs on environmental issues through the lens of food, horticulture, arts, recycling, cooking, and community education. The site includes a hydroponic wall—a grow wall with moving trays designed to rotate plants so they all get the ideal amount of water, fertilizer, and light.
Bronx River Alliance
We have long supported the Bronx River Alliance and its work to engage volunteers for the reclamation of the Bronx River Corridor. Con Edison’s capital gift helped provide lead funding for a new facility, River House. River House includes a boat house for dozens of canoes and kayaks, a nature classroom, and a multipurpose community room. It also features green design elements including a geothermal heating and cooling system, solar panels, and shaded greenery.
Rockland Farm Alliance
O&R supports the Rockland Farm Alliance’s Agricultural Education Program, an interactive educational program for local students who participate in all aspects of the farm including soil preparation, seeding, irrigation, and harvesting. The students also explore the environmental and nutritional benefits of organic farming and learn where food comes from, as well as the relationship between fresh healthy food and nutrition. The final piece for the students is learning the importance of protecting natural resources and open space in their community.
