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Company Profile

Report Introduction

Company Profile

Consolidated Edison, Inc. (“Con Edison”) is one of the nation’s largest investor-owned energy-delivery companies, with approximately $14 billion in revenues and $63 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries:

Read our Annual Report (Consolidated Edison, Inc. – Annual Reports (conedison.com).

This report contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as “forecasts,” “expects,” “estimates,” “anticipates,” “believes,” “plans,” “will,” “aim,” “target,” and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made and speak only as of that time. Actual results or developments might differ materially from those included in the forward-looking statements because of various factors including, but not limited to, those discussed under “Risk Factors,” in Con Edison’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

Revenue by Business (million $)

  • CECONY Electricon
  • CECONY Gason
  • CECONY Steamon
  • O&R Electricon
  • O&R Gason
  • CEBson
  • CETon

Board of Directors

Board of Directors

Audit Committee Corporate Governance and Nominating Committee Safety, Environment, Operations and Sustainability Committee Executive Committee Finance Committee Management Development and Compensation Committee
Timothy P. Cawley Chair
Ellen V. Futter
John F. Killian Chair
Karol V. Mason
John McAvoy
Dwight A. McBride Chair
William J. Murrow
Armando J. Olivera Chair
Michael W. Ranger Chair and Lead Director
Linda S. Sanford
Deirdre Stanley Chair
L. Frederick Sutherland Chair
Timothy P. Cawley
Timothy P. Cawley
Executive Committee Chair
Ellen V. Futter
Ellen V. Futter
Safety, Environment, Operations and Sustainability Committee
Executive Committee
John F. Killian
John F. Killian
Audit Committee Chair
Corporate Governance and Nominating Committee
Executive Committee
Management Development and Compensation Committee
Karol V. Mason
Karol V. Mason
Corporate Governance and Nominating Committee
Safety, Environment, Operations and Sustainability Committee
John McAvoy
John McAvoy
Safety, Environment, Operations and Sustainability Committee
Dwight A. McBride
Dwight A. McBride
Safety, Environment, Operations and Sustainability Committee
Management Development and Compensation Committee Chair
William J. Murrow
William J. Murrow
Safety, Environment, Operations and Sustainability Committee
Finance Committee
Management Development and Compensation Committee
Armando J. Olivera
Armando J. Olivera
Audit Committee
Safety, Environment, Operations and Sustainability Committee Chair
Executive Committee
Finance Committee
Michael W. Ranger
Michael W. Ranger
Audit Committee
Corporate Governance and Nominating Committee Chair and Lead Director
Executive Committee
Finance Committee
Management Development and Compensation Committee
Linda S. Sanford
Linda S. Sanford
Audit Committee
Corporate Governance and Nominating Committee
Finance Committee
Deirdre Stanley
Deirdre Stanley
Corporate Governance and Nominating Committee
Management Development and Compensation Committee Chair
L. Frederick Sutherland
L. Frederick Sutherland
Audit Committee
Finance Committee Chair
Management Development and Compensation Committee

As of January 1, 2022.

 

Financial Highlights (million $ except per-share information and statistical data)

2019

2020

2021

Operating revenues

$12,574

$12,246

$13,676

Net income for common stock

$1,343

$1,101

$1,346

Basic earnings per common share

$4.09

$3.29

$3.86

Dividends per share

$2.96

$3.06

$3.10

Dividend payout ratio

72%

93%

80%

Average common shares outstanding

328.5

334.8

348.4

Total assets

$58,079

$62,895

$63,116

Capital expenditures

$3,676

$4,085

$3,964

Common equity ratio

49.6%

48.3%

47.4%

Return on equity

7.63%

5.96%

6.83%

Market capitalization

$30,100

$24,700

$30,200

Stock price per share (year end)

$90.47

$72.27

$85.32

Dividend yield (year end)

3.3%

4.2%

3.6%

Total shareholder return

22.5%

(17.0%)

23.0%

 

Hometown Heroes Parade. Our employees marched with other essential workers and first responders along the Canyon of Heroes in Manhattan.
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