Company Profile
Consolidated Edison, Inc. (“Con Edison”) is one of the nation’s largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. 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. (CECONY), a regulated utility providing electric, gas and steam service to customers in New York City and Westchester County, New York
- Orange & Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey
- Con Edison Transmission (CET), which through its subsidiaries develops and invests in electric transmission projects.
- Con Edison Clean Energy Businesses, Inc. (CEB), which through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers. Please note that CEBs were sold on March 1, 2023.
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, 2022.
2022 Revenue by Business (million $)
- CECONY Electricon
- CECONY Gason
- CECONY Steamon
- O&R Electricon
- O&R Gason
- CEBson
- CETon
Please note that CEBs were sold on March 1, 2023.
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 | |
|---|---|---|---|---|---|---|
| Tim Cawley | Chair | |||||
| Ellen V. Futter |  |
|
||||
| John F. Killian | Chair | |
|
|
||
| Karol V. Mason | |
|
||||
| John McAvoy | |
|||||
| Dwight A. McBride | |
|
||||
| William J. Mulrow | |
|
|
|||
| Armando J. Olivera | |
Chair | |
|
||
| Michael W. Ranger | |
Chair and Lead Director | |
|
|
|
| Linda S. Sanford | |
|
|
|||
| Deirdre Stanley | |
Chair | ||||
| L. Frederick Sutherland | |
Chair | |
| Tim Cawley | |
|---|---|
| Tim 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 |
|
| William J. Mulrow | |
| William J. Mulrow | |
| 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, 2023.
Financial Highlights (million $ except per-share information and statistical data)
|
|
2020 |
2021 |
2022 |
|---|---|---|---|
|
Operating revenues |
$12,246 |
$13,676 |
$15,670 |
|
Net income for common stock |
$1,101 |
$1,346 |
$1,660 |
|
Basic earnings per common share |
$3.29 |
$3.86 |
4.68 |
|
Dividends per share |
$3.06 |
$3.10 |
3.16 |
|
Dividend payout ratio |
93% |
80% |
68% |
|
Average common shares outstanding |
334.8 |
348.4 |
354.5 |
|
Total assets |
$62,895 |
$63,116 |
$69,065 |
|
Capital investments |
$4,085 |
$3,964 |
$4,465 |
|
Common equity ratio |
48.3% |
47.4% |
50.9% |
|
Return on equity |
5.96% |
6.83% |
8.05% |
|
Market capitalization |
$24,700 |
$30,200 |
$33,800 |
|
Stock price per share (year end) |
$72.27 |
$85.32 |
$95.31 |
|
Dividend yield (year end) |
4.2% |
3.6% |
3.3% |
|
Total shareholder return |
(17.0%) |
23.0% |
15.7% |