Data Snapshot
Company Overview
Consolidated Edison, Inc., is one of the nation’s largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $49 billion in assets. For more than 180 years, we have served the world’s most dynamic and demanding marketplace—metropolitan New York. We provide a wide range of energy-related products and services to our customers through our regulated energy companies and our competitive energy businesses.
Company Profiles
Consolidated Edison Company of New York, Inc. (CECONY)
CECONY is a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York. CECONY provides electric service to approximately 3.4 million customers in all of New York City (except a part of Queens) and most of Westchester County, an approximately 660 square mile service area with a population of more than nine million. CECONY delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens and most of Westchester County. CECONY operates the largest steam distribution system in the United States by producing and delivering approximately 19,979 MMlb of steam annually to approximately 1,649 customers in parts of Manhattan.
Orange and Rockland Utilities, Inc. (O&R)
O&R is a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey. O&R and its utility subsidiary, Rockland Electric Company (RECO) provide electric service to approximately 0.3 million customers in southeastern New York and northern New Jersey and O&R delivers gas to over 0.1 million customers in southeastern New York.
Con Edison Clean Energy Businesses, Inc. (CEB)
CEB develops, owns, and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers through its subsidiaries Consolidated Edison Development, Inc. (Con Edison Development), Consolidated Edison Energy, Inc. (Con Edison Energy) and Consolidated Edison Solutions, Inc. (Con Edison Solutions).
Con Edison Transmission, Inc. (CET)
CET invests in electric transmission facilities and natural gas pipeline and storage facilities through its subsidiaries Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Pipeline and Storage, LLC (CET Gas).
Revenue by Business (million $)
- 2014
- 2015
- 2016
- CECONY Electric$8,437
- CECONY Gas$1,721
- CECONY Steam$628
- O&R Electric$680
- O&R Gas$212
- CEB's (CES, CEE, CED, CET)$1,244
- CECONY Electric$8,172
- CECONY Gas$1,527
- CECONY Steam$629
- O&R Electric$663
- O&R Gas$182
- CEB's (CES, CEE, CED, CET)$1,383
- CECONY Electric$8,106
- CECONY Gas$1,508
- CECONY Steam$551
- O&R Electric$637
- O&R Gas$184
- CEB's (CES, CEE, CED, CET)$1,091
Board of Directors
Audit Committee | Corporate Governance and Nominating Committee | Environment, Health and Safety Committee | Executive Committee | Finance Committee | Management Development and Compensation Committee | Operations Oversight Committee | |
---|---|---|---|---|---|---|---|
Vincent Calarco | Chair | ![]() | ![]() | ![]() | |||
George Campbell, Jr. | ![]() | ![]() | Chair | ![]() | |||
Michael J. Del Giudice | ![]() | Chair and Lead Director | ![]() | ![]() | |||
Ellen V. Futter | Chair | ![]() | |||||
John F. Killian | ![]() | ![]() | ![]() | ||||
John McAvoy | Chair | ||||||
Armando J. Olivera | ![]() | ![]() | ![]() | ||||
Michael W. Ranger | ![]() | ![]() | Chair | ||||
Linda S. Sanford | ![]() | ![]() | ![]() | ||||
L. Frederick Sutherland | ![]() | Chair | ![]() |
Vincent Calarco | |
---|---|
Corporate Governance and Nominating Committee | ![]() |
Executive Committee | ![]() |
Management Development and Compensation Committee | ![]() |
George Campbell, Jr. | |
Corporate Governance and Nominating Committee | ![]() |
Executive Committee | ![]() |
Operations Oversight Committee | ![]() |
Michael J. Del Giudice | |
Audit Committee | ![]() |
Executive Committee | ![]() |
Management Development and Compensation Committee | ![]() |
Ellen V. Futter | |
Operations Oversight Committee | ![]() |
John F. Killian | |
Audit Committee | ![]() |
Corporate Governance and Nominating Committee | ![]() |
Management Development and Compensation Committee | ![]() |
Armando J. Olivera | |
Environment, Health and Safety Committee | ![]() |
Finance Committee | ![]() |
Operations Oversight Committee | ![]() |
Michael W. Ranger | |
Audit Committee | ![]() |
Finance Committee | ![]() |
Linda S. Sanford | |
Corporate Governance and Nominating Committee | ![]() |
Environment, Health and Safety Committee | ![]() |
Finance Committee | ![]() |
L. Frederick Sutherland | |
Audit Committee | ![]() |
Management Development and Compensation Committee | ![]() |
Our Business
Financial Highlights (Million $, except per share information and statistical data)
Financial Highlights | 2013 | 2014 | 2015 | 2016 |
---|---|---|---|---|
Operating revenues | $12,354 | $12,919 | $12,554 | $12,075 |
Net income for common stock | $1,062 | $1,092 | $1,193 | $1,245 |
Basic earnings per common share | $3.62 | $3.73 | $4.07 | $4.15 |
Dividends per share | $2.46 | $2.52 | $2.60 | $2.68 |
Dividend payout ratio | 68% | 68% | 64% | 65% |
Average common shares outstanding | 292.9 | 292.9 | 293 | 300.4 |
Total assets | $40,647 | $44,377 | $45,642 | $48,225 |
Capital expenditures | $2,648 | $2,721 | $3,418 | $5,235 |
Common equity ratio | 53.9% | 52.1% | 52.1% | 49.3% |
Return on equity | 8.9% | 8.8% | 9.3% | 9.1% |
Market capitalization | $16,200 | $19,300 | $18,800 | $22,100 |
Stock price per share (year end) | $55.28 | $66.01 | $64.27 | $73.68 |
Dividend yield (year end) | 4.5% | 3.8% | 4.0% | 3.6% |
Total shareholder return | 3.8% | 24.8% | 1.4% | 18.9% |
Shareholders
Workforce Development
Training
Training | 2015 | 2016 |
---|---|---|
Hours of instructor-led, skill-based and leadership training | 490,257 | 604,173 |
Hours of eLearning | 164,519 | 173,182 |
Hours of documents on-the-job training | 781,649 | 777,355 |
Employees taking part in a mentoring program | 129 | 97 |
Employees taking advantage of tuition aid | 594 | 607 |
Diversity
Diversity | 2013 | 2014 | 2015 | 2016 |
---|---|---|---|---|
Total workforce | 14,653 | 14,601 | 14,805 | 14,941 |
Minorities in the workforce | 6,639 | 6,733 | 6,890 | 7,025 |
Minority share | 45% | 46% | 47% | 47% |
Women in the workforce | 2,942 | 2,920 | 3,009 | 3,063 |
Women share | 20% | 20% | 20% | 21% |
Officer positions | 59 | 57 | 59 | 57 |
Minorities in officer positions | 15 | 18 | 21 | 19 |
Minority officer share | 26% | 32% | 36% | 33% |
Women in officer positions | 16 | 14 | 15 | 15 |
Women officer share | 27% | 25% | 25% | 26% |
Environmental Performance
Air
Scope 1: Direct greenhouse gas emissions from CEI owned or controlled sources (e.g., steam-generating stations)
Con Edison, Inc. GreenHouse Gas Emissions (Thousands of metric tons CO2e)
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- CO23.59
- CH40.4
- SF61.94
- CO23.12
- CH40.4
- SF61.42
- CO23.42
- CH40.39
- SF61
- CO23.2
- CH40.39
- SF60.62
- CO23
- CH40.38
- SF60.42
- CO23.3
- CH40.37
- SF60.25
- CO22.83
- CH40.37
- SF60.18
- CO22.78
- CH40.35
- SF60.18
- CO22.9
- CH40.29
- SF60.17
- OTHER0.03
- CO22.76
- CH40.28
- SF60.16
- OTHER0.07
- CO22.78
- CH40.28
- SF60.13
- CO22.72
- CH40.27
- SF60.11
INDIRECT EMISSIONS
INDIRECT EMISSIONS | Indirect emissions - Scope 2 (million metric tons CO2e) | Other indirect emissions or Scope 3 total (million metric tons CO2e) |
---|---|---|
2016 | 1.32 | 41.1 |
2015 | 1.32 | 41.8 |
2014 | 1.09 | 40.9 |
2013 | 1.19 | N/A |
2012 | 1.11 | N/A |
2011 | 1.51 | N/A |
2010 | 1.37 | N/A |
2009 | 1.42 | N/A |
Scope 2: Indirect greenhouse gas emissions associated with delivering products to customers (e.g., electrical transmission losses)
Scope 3: Indirect greenhouse gas emissions associated with customers using CEI products (e.g., customers’ use of delivered gas)
Water
Water Quality
Water Quality | 2014 | 2015 | 2016 |
---|---|---|---|
SPDES exceedances | 1 | 3 | 1 |
CON EDISON OF NEW YORK ENVIRONMENTAL RELEASES
2014 | 2015 | 2016 | |
---|---|---|---|
Dielectric fluid released to environment (gallons) | 43,439 | 27,669 | 76,253 |
Reportable oil spills | 569 | 678 | 796 |
Reportable-quantity chemical spills | 30 | 34 | 39 |
Resource Conservation
Con Edison of New York Waste (tons)
2014 | 2015 | 2016 | |
---|---|---|---|
Non-hazardous waste generated | 58,973 | 73,462 | 69,565 |
Non-hazardous waste recycled | 54,190 | 67,847 | 64,481 |
Hazardous waste generated | 17,547 | 11,371 | 12,070 |
Remediation waste | 545 | 31 | 18 |
Con Edison of New York energy consumption (in million BTUs)
Con Edison of New York energy consumption | 2014 | 2015 | 2016 |
---|---|---|---|
Facility electric consumption | 313,785 | 326,033 | 280,746 |
Facility gas consumption | 158,037 | 153,028 | 133,122 |
Stakeholder Engagement
OSHA Rate (million USD except per-share information and statistic data)
OSHA Rate | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Con Edison of New York Rate | 3.02 | 3.25 | 2.49 | 1.91 | 1.28 | 1.25 | 1.31 | 1.40 | 1.18 |
Con Edison of New York Target | 3.39 | 3.29 | 2.91 | 2.56 | 2.21 | 1.86 | 1.50 | 1.40 | 1.30 |
Orange and Rockland Rate | 5.31 | 5.28 | 3.82 | 2.36 | 2.19 | 2.01 | 1.26 | 2.42 | 1.63 |
Orange and Rockland Target | 4.91 | 4.91 | 4.91 | 4.42 | 3.54 | 3.02 | 2.5 | 2 | 1.75 |
Con Edison of New York OSHA Rate
- Rate
- Target
Orange and Rockland OSHA Rate
- RATE
- TARGET
CORPORATE CULTURE CON EDISON OF NEW YORK CULTURAL IMPERATIVES
Openness, fairness and trust |
Cost consciousness |
Enhancing stakeholder relationships |
SUPPLIER DIVERSITY Con Edison, Inc. Suppliers
SUPPLIER DIVERSITY | 2013 | 2014 | 2015 | 2016 |
---|---|---|---|---|
Green spend | > $3 million | > $3 million | $6.9 million | > $8 million |
Minority / women-owned supplier spend | > $288 million | > $286 million | $280 million | $292 million |