Data Snapshot
Company Profile
Consolidated Edison, Inc., is one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $50 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.
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 19,410 MMlb of steam annually to approximately 1,600 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; together referred to as O&R) provide electric service to approximately 0.3 million customers in southeastern New York and northern New Jersey, an approximately 1,300-square-mile service area. O&R delivers gas to over 0.1 million customers in southeastern New York.
Con Edison Clean Energy Businesses, Inc. (CEB)
CEB has three wholly-owned subsidiaries: Consolidated Edison Development, Inc. (Con Edison Development), Consolidated Edison Energy, Inc. (Con Edison Energy) and Consolidated Edison Solutions, Inc. (Con Edison Solutions).The Clean Energy Businesses develop, own and operate renewable energy infrastructure projects and provide energy-related products and services to wholesale and retail customers.
Con Edison Transmission, Inc. (CET)
CET invests in electric and gas transmission projects through its subsidiaries Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Pipeline and Storage, LLC (CET Gas). CET Electric owns a 45.7% interest in New York Transco LLC, which owns and is proposing to build additional electric transmission assets in New York. CET Gas owns, through subsidiaries, a 50% interest in Stagecoach Gas Services, LLC, a joint venture that owns, operates and will further develop an existing gas pipeline and storage business located in northern Pennsylvania and southern New York. Also, CET Gas and CECONY own 71.2% and 28.8% interests, respectively, in Honeoye Storage Corporation, which operates a gas storage facility in upstate New York. In addition, CET Gas owns a 12.5% interest in Mountain Valley Pipeline LLC, a joint venture developing a proposed 300-mile gas transmission project in West Virginia and Virginia (Mountain Valley Pipeline). Con Edison Transmission, Inc., together with CET Electric and CET Gas, are referred to in this report as Con Edison Transmission.
Revenue by Business (million $)
- 2014
- 2015
- 2016
- 2017
- CECONY Electric$8,437
- CECONY Gas$1,721
- CECONY Steam$628
- O&R Electric$680
- O&R Gas$212
- CEB$1,244
- CECONY Electric$8,172
- CECONY Gas$1,527
- CECONY Steam$629
- O&R Electric$663
- O&R Gas$182
- CEB$1,383
- CECONY Electric$8,106
- CECONY Gas$1,508
- CECONY Steam$551
- O&R Electric$637
- O&R Gas$184
- CEB$1,091
- CECONY Electric$7,972
- CECONY Gas$1,901
- CECONY Steam$595
- O&R Electric$642
- O&R Gas$232
- CEB$694
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 | |
---|---|---|---|---|---|---|---|
George Campbell, Jr. | Chair | ||||||
Ellen V. Futter | Chair | ||||||
John F. Killian | Chair | ||||||
John McAvoy | Chair | ||||||
Armando J. Olivera | Chair | ||||||
Michael W. Ranger | Chair and Lead Director | ||||||
Linda S. Sanford | |||||||
L. Frederick Sutherland | Chair | ||||||
William J. Murrow | |||||||
Deirdre Stanley |
George Campbell, Jr. | |
---|---|
Corporate Governance and Nominating Committee | |
Executive Committee | |
Operations Oversight Committee | |
Ellen V. Futter | |
Operations Oversight Committee | |
John F. Killian | |
Corporate Governance and Nominating Committee | |
Executive Committee | |
Management Development and Compensation Committee | |
Armando J. Olivera | |
Audit Committee | |
Finance Committee | |
Michael W. Ranger | |
Audit Committee | |
Executive Committee | |
Finance Committee | |
Management Development and Compensation 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 | |
William J. Murrow | |
Environment, Health and Safety Committee | |
Finance Committee | |
Management Development and Compensation Committee | |
Deirdre Stanley | |
Corporate Governance and Nominating Committee | |
Environment, Health and Safety Committee | |
Operations Oversight Committee |
Our Business
Financial Highlights (million $ except per-share information and statistical data)
Financial Highlights |
2013 |
2014 |
2015 |
2016 |
2017 |
---|---|---|---|---|---|
Operating revenues |
$12,354 |
$12,919 |
$12,554 |
$12,075 |
$12,033 |
Net income for common stock |
$1,062 |
$1,092 |
$1,193 |
$1,245 |
$1,525 |
Basic earnings per common share |
$3.62 |
$3.73 |
$4.07 |
$4.15 |
$4.97 |
Dividends per share |
$2.46 |
$2.52 |
$2.60 |
$2.68 |
$2.76 |
Dividend payout ratio |
68% |
68% |
64% |
65% |
56% |
Average common shares outstanding |
292.9 |
292.9 |
293 |
300.4 |
307.1 |
Total assets |
$40,647 |
$44,377 |
$45,642 |
$48,225 |
$48,111 |
Capital expenditures |
$2,648 |
$2,721 |
$3,418 |
$5,235 |
$3,606 |
Common equity ratio |
53.9% |
52.1% |
52.1% |
49.3% |
51.1% |
Return on equity |
8.9% |
8.8% |
9.3% |
9.1% |
8.6% |
Market capitalization |
$16,200 |
$19,300 |
$18,800 |
$22,100 |
$26,100 |
Stock price per share (year end) |
$55.28 |
$66.01 |
$64.27 |
$73.68 |
$84.95 |
Dividend yield (year end) |
4.5% |
3.8% |
4.0% |
3.6% |
3.2% |
Total shareholder return |
3.8% |
24.8% |
1.4% |
18.9% |
19.3% |
Shareholders
Workforce Development
Training
Training |
2015 |
2016 |
2017 |
---|---|---|---|
Hours of instructor-led, skill-based and leadership training |
490,257 |
604,173 |
703,385 |
Hours of eLearning |
164,519 |
173,182 |
157,197 |
Hours of documented on-the-job training |
781,649 |
777,355 |
860,582 |
Employees taking part in a mentoring program |
129 |
97 |
114 |
Employees taking advantage of tuition aid |
594 |
607 |
589 |
Diversity
Diversity |
2013 |
2014 |
2015 |
2016 |
2017 |
---|---|---|---|---|---|
Total workforce |
14,653 |
14,637 |
14,805 |
14,941 |
15,255 |
Minorities in the workforce |
6,639 |
6,733 |
6,890 |
7,025 |
7,317 |
Minority share |
45% |
46% |
47% |
47% |
48% |
Women in the workforce |
2,942 |
2,946 |
3,009 |
3,063 |
3,210 |
Women share |
20% |
20% |
20% |
21% |
21% |
Officer positions |
59 |
57 |
59 |
57 |
61 |
Minorities in officer positions |
15 |
18 |
21 |
19 |
20 |
Minority officer share |
25% |
32% |
36% |
33% |
33% |
Women in officer positions |
16 |
14 |
15 |
15 |
18 |
Women officer share |
27% |
25% |
25% |
26% |
30% |
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 (million metric tons CO2e)
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 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
- CO22.67
- CH40.26
- SF60.08
INDIRECT EMISSIONS
INDIRECT EMISSIONS |
Indirect emissions - Scope 2 (million metric tons CO₂e) |
Other indirect emissions or Scope 3 total (million metric tons CO₂e) |
---|---|---|
2017 |
1.35 |
33.9 |
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
Con Edison of New York Environmental Releases
2014 |
2015 |
2016 |
2017 |
|
---|---|---|---|---|
Dielectric fluid released to environment (gallons) |
43,439 |
27,669 |
76,253 |
30,998 |
Reportable oil spills |
569 |
678 |
796 |
731 |
Reportable-quantity chemical spills |
30 |
34 |
39 |
28 |
Resource Conservation
Con Edison of New York Waste (tons)
2014 |
2015 |
2016 |
2017 |
|
---|---|---|---|---|
Hazardous waste generated |
17,547 |
11,371 |
12,070 |
10,600 |
Remediation waste |
545 |
31 |
18 |
7,195 |
Stakeholder Engagement
OSHA Rate (million $ except per-share information and statistical data)
OSHA Rate |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
---|---|---|---|---|---|---|---|---|---|---|
Con Edison of New York Rate |
3.02 |
3.25 |
2.49 |
1.91 |
1.28 |
1.25 |
1.31 |
1.40 |
1.18 |
1.17 |
Con Edison of New York Target |
3.39 |
3.29 |
2.91 |
2.56 |
2.21 |
1.86 |
1.50 |
1.40 |
1.30 |
1.20 |
Orange and Rockland Rate |
5.31 |
5.28 |
3.82 |
2.36 |
2.19 |
2.01 |
1.26 |
2.42 |
1.63 |
1.93 |
Orange and Rockland Target |
4.91 |
4.91 |
4.91 |
4.42 |
3.54 |
3.02 |
2.5 |
2 |
1.75 |
1.50 |
Con Edison of New York OSHA Rate
- Rate
- Target
Orange and Rockland OSHA Rate
- RATE
- TARGET
SUPPLIER DIVERSITY Con Edison, Inc. suppliers
SUPPLIER DIVERSITY |
2013 |
2014 |
2015 |
2016 |
2017 |
---|---|---|---|---|---|
Green spend |
> $3 million |
> $3 million |
$6.9 million |
> $8 million |
$13 million* |
Minority / women- owned supplier spend |
> $288 million |
> $286 million |
$280 million |
$292 million |
$307 million |
*Includes $5.2 million for electric vehicle infrastructure