Consolidated Edison, Inc. (Con Edison) is a holding company that owns several subsidiaries, including Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. CECONY provides electric, gas, and steam service in New York City and Westchester County. O&R provides electric service in southeastern New York and northern New Jersey and gas service in southeastern New York. Con Edison Transmission invests in electric transmission projects and manages both electric and gas assets. The Utilities have approved rate plans that are generally designed to cover each company's cost of service. The company's mission is to provide energy services to customers safely, reliably, efficiently and in keeping with a vision for a clean energy future.

• Employees: 14,592 (as of December 31, 2023)
• Geographic Footprint: New York, New Jersey
• Headquarters: New York, New York
• Founded: 1997
• Number of locations/facilities: Multiple facilities across service areas
• Revenue: $14.7 billion (FY2023)
• Market Capitalization: Approximately $31.2 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Consolidated Edison Company of New York, Inc., Orange and Rockland Utilities, Inc., Con Edison Transmission, Inc.

• CEO: Timothy P. Cawley
• CFO: Robert Hoglund
• Board Chair: Timothy P. Cawley
• Other Key Executives: Stuart Nachmias (President and Chief Executive Officer of Con Edison Transmission), Deneen L. Donnley (Senior Vice President and General Counsel), Jennifer Hensley (Senior Vice President - Corporate Affairs of CECONY), Mary E. Kelly (Senior Vice President - Corporate Shared Services of CECONY), Nancy Shannon (Senior Vice President - Utility Shared Services of CECONY), Joseph Miller (Vice President and Controller of Con Edison and CECONY)

Key leaders have extensive experience in the utility and energy sectors.

• Annual Revenue: $14.7 billion (FY2023)
• Net Income: $2.5 billion (FY2023)
• Market Cap: $31.2 billion (as of June 30, 2023)
• Total Assets: $66.3 billion (as of December 31, 2023)
• Number of Employees: 14,592 (as of December 31, 2023)
• Key Financial Highlights: Net income increased from $1.66 billion in 2022 to $2.5 billion in 2023; adjusted earnings were $1.76 billion or $5.07 a share in 2023 compared with $1.62 billion or $4.57 a share in 2022.

The company's main product categories and service lines are:

• Electric Service: Provides electric service to approximately 3.7 million customers in New York City and most of Westchester County. O&R provides electric service to approximately 0.3 million customers in southeastern New York and northern New Jersey.
• Gas Service: Delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and most of Westchester County. O&R delivers gas to over 0.2 million customers in southeastern New York.
• Steam Service: Operates the largest steam distribution system in the United States, producing and delivering approximately 15,444 MMlb of steam annually to approximately 1,530 customers in parts of Manhattan.
• Electric Transmission: Invests in electric transmission projects supporting Con Edison's effort to transition to clean, renewable energy and manages both electric and gas assets.

The company operates through three main business segments:

• CECONY: Regulated electric, gas and steam delivery businesses.
• O&R: Regulated electric and gas delivery businesses.
• Con Edison Transmission: Investments in electric transmission projects and management of electric and gas assets.

Con Edison seeks to provide shareholder value through continued dividend growth, supported by earnings growth in regulated utilities and contracted electric transmission assets. The company invests to provide reliable, resilient, safe and clean energy critical for its New York customers. Key strategic initiatives include:

• Transitioning to clean, renewable energy sources.
• Upgrading and reinforcing energy delivery systems.
• Investing in electric transmission projects.
• Focusing on safety, operational excellence and customer experience.

Con Edison operates in the regulated utilities industry, providing essential energy services. Key market trends include:

• Market Position: A major utility provider in the New York and New Jersey region.
• Key Competitors: National Grid plc, Avangrid, Inc., National Fuel Gas Company or CH Energy Group, Inc. and New York Power Authority.
• Industry Trends: Increasing focus on renewable energy, energy efficiency, and grid modernization.

• Regulatory Risks: Subject to extensive regulation by the NYSPSC, FERC and other agencies, which can impose substantial penalties. Changes in laws and regulations could also adversely affect the company.
• Operational Risks: Potential for service interruptions due to equipment failure, extreme weather, and cyber attacks.
• Financial Risks: Exposure to changes in interest rates, commodity prices and credit markets.
• Environmental Risks: Liabilities arising from environmental regulations, climate change and the presence of hazardous substances.