What is Consolidated Edison?
Regulated electric, gas, and steam utility holding company with 2025 net income of $2.023B and adjusted earnings of $2.038B, headquartered in New York, NY.
- Category
- Regulated electric, gas, and steam utility holding company
- Headquarters
- New York, NY
- Founded
- 1823
- Employees
- Approximately 14,000+
- Total funding
- Public company; no VC funding
- Status
- Public company; NYSE: ED
What is Consolidated Edison?
Consolidated Edison is a public regulated electric, gas, and steam utility holding company headquartered in New York, NY. As of June 2026, its public-company scale signals include 2025 net income of $2.023B and adjusted earnings of $2.038B, about 10 million people served in New York City and Westchester, and New York City and Westchester County plus O&R territories.
Consolidated Edison is a mature public company, not a venture-backed startup. Its latest public reporting and investor materials show 2025 net income of $2.023B and adjusted earnings of $2.038B, Approximately 14,000+ employees, about 10 million people served in New York City and Westchester, and operations across New York City and Westchester County plus O&R territories. The company operates as a regulated utility infrastructure platform, so performance depends on reliability, safety, regulated returns or route density, capital execution, customer satisfaction, and disciplined procurement.
The operating footprint includes Electric distribution, Natural gas distribution, Steam service, Orange & Rockland utilities, Transmission, and related programs that require long-term capital planning rather than short product cycles. Buyers evaluate vendors through the lens of service reliability, rate or margin impact, compliance, cyber risk, integration with field systems, and the ability to deliver without disrupting critical operations.
For B2B sellers, Consolidated Edison should be treated as a multi-threaded enterprise account. Strong pitches attach to measurable outcomes such as uptime, field productivity, safety, customer experience, energy or water efficiency, fleet utilization, regulatory compliance, storm or route response, and lower cost to serve.
What does Consolidated Edison offer?
Consolidated Edison offers Electric distribution, Natural gas distribution, Steam service, Orange & Rockland utilities, Transmission, Grid modernization and related customer, infrastructure, and operating programs.
- Electric distribution· Core offering
- Natural gas distribution· Core offering
- Steam service· Core offering
- Orange & Rockland utilities· Core offering
- Transmission· Adjacent offering
- Grid modernization· Adjacent offering
- Energy efficiency· Adjacent offering
- Customer operations· Adjacent offering
How does Consolidated Edison make money?
Consolidated Edison makes money through regulated rates, long-lived infrastructure, customer charges, contracted services, and capital programs tied to its regulated electric, gas, and steam utility holding company footprint.
Consolidated Edison's business model is not SaaS pricing; there are no public per-seat tiers. Revenue is generated through tariffs, regulated rates, approved riders, customer bills, long-term contracts, commodity pass-throughs, municipal or commercial service agreements, or route and asset economics depending on the business line.
The main economic drivers are customer growth, allowed returns or pricing discipline, rate-base or asset growth, operating reliability, safety performance, storm or claims exposure, labor productivity, fuel and commodity costs, interest rates, and capital execution. Its current investment anchor is New York electric, gas, steam, transmission, clean-energy, and reliability investment, which shapes procurement cycles and project funding.
Growth depends on practical operating levers: modernized infrastructure, better outage or route performance, faster interconnection or customer service, tighter asset management, cleaner data, stronger cybersecurity, and lower lifecycle cost. Vendors should quantify the operating metric they improve and expect business-owner, finance, procurement, legal, security, and technical review.
Who leads Consolidated Edison?
Consolidated Edison is led by Timothy P. Cawley, Chairman, President and Chief Executive Officer, with finance, operations, legal, technology, and business-unit leaders shaping major buying decisions.
- Timothy P. CawleyChairman, President and Chief Executive OfficerCEO since 2020Leads Con Edison through New York utility reliability, clean energy, and affordability priorities.
- Robert HoglundSenior Vice President and Chief Financial OfficerCFO since 2004Leads finance, investor relations, and capital planning.
- Matthew KetschkePresident, Consolidated Edison Company of New YorkUtility presidentLeads the core New York utility.
- Deneen DonnleySenior Vice President and General CounselLegal executiveLeads legal, regulatory, and governance work.
How do you contact Consolidated Edison's leadership?
Consolidated Edison publishes investor-relations, media, supplier, customer, or corporate contact routes, but it does not publish verified personal executive email addresses for the leaders below. Use official company contact channels and do not treat inferred personal email patterns as verified.
No verified public personal-executive email format; use official investor, media, supplier, or company contact routes- Matthew KetschkePresident, Consolidated Edison Company of New YorkUse official company contact route
How much funding has Consolidated Edison raised?
Consolidated Edison is a mature public company (NYSE: ED), so its capital profile is public equity, debt, operating cash flow, regulated or asset-backed investment, and acquisitions rather than venture funding rounds.
Consolidated Edison has no current VC-style funding history to enumerate. The relevant capital history is its founding in 1823, public-company status as NYSE: ED, operating cash flow, public debt and equity access, dividends, capital spending, and portfolio transactions.
As of June 2026, the strongest capital signal is 2025 net income of $2.023B and adjusted earnings of $2.038B. The most useful forward-looking budget signal is New York electric, gas, steam, transmission, clean-energy, and reliability investment; for sellers, that is more actionable than a private valuation because spend is approved through annual plans, regulatory filings, procurement controls, cyber review, and business-unit ROI.
Seller signal: budget exists where the proposal maps to strategic priorities and measurable operating outcomes. The strongest opportunities connect to reliability, resilience, safety, customer experience, compliance, labor productivity, asset utilization, field execution, data quality, cybersecurity, or lower cost to serve.
How did Consolidated Edison get here?
Consolidated Edison's history is defined by utility or environmental-services roots, public-market capital access, portfolio moves, leadership transitions, and current 2025-2026 operating execution.
- 1823New York Gas Light foundedA predecessor to Con Edison begins gas lighting service.
- 1884Edison electric rootsEdison companies expand electric service in New York.
- 1936Consolidated Edison name adoptedThe company consolidates under the Con Edison name.
- 1999Orange & Rockland acquisitionCon Edison expands its regulated utility footprint.
- 20252025 earnings reportedCon Edison reports $2.023B net income and $2.038B adjusted earnings.
- 2026Q1 2026 earnings reportedCon Edison reports first-quarter 2026 earnings.
Who are Consolidated Edison's competitors?
Consolidated Edison competes with public and private peers for customers, capital, labor, infrastructure projects, regulatory execution, technology partners, and operating performance.
- NextEra EnergyLarge regulated utility and renewables owner with Florida Power & Light scale.
- Southern CompanySoutheastern electric and gas utility with large regulated generation and grid investments.
- Duke EnergyMulti-state regulated electric and gas utility focused on grid modernization and generation transition.
- Dominion EnergyRegulated utility peer with electric, gas, and infrastructure assets.
- Xcel EnergyUpper Midwest and western utility peer with clean-energy and transmission investment programs.
Consolidated Edison — frequently asked questions
