Consolidated Edison Company of New York, Inc. · New York, NY United States
Company Description
Phone: 212-460-4600
Fax: 212-477-2536
Toll Free: 800-752-6633
View Consolidated Edison Company of New York, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Consolidated Edison Company of New York (Con Edison of New York) keeps the nightlife pulsing in The Big Apple. The utility, a subsidiary of Consolidated Edison , distributes electricity throughout most of New York City and Westchester County. The company distributes electricity to more than 3.2 million residential and business customers in New York City; it also delivers natural gas to about 1.1 million customers. The utility also provides natural gas and steam services in portions of the New York metropolitan area. Con Edison of New York owns and operates more than 130,500 miles of overhead and underground power distribution lines. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Consolidated Edison Company of New York, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $10,424.0 |
| Employees | 14,299 |
Consolidated Edison Company of New York, Inc. Executives
46 executives listed for Consolidated Edison Company of New York, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman Con Edison and Con Edison of New York; President and CEO Con Edison and CEO Con Edison New York | Kevin Burke | Network |
| President | Craig Ivey | Network |
| SVP and CFO | Robert Hoglund | Network |
Competition
Competitive Landscape for Consolidated Edison Company of New York, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Consolidated Edison Company of New York, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!