Consolidated Edison, Inc. (ED) Bundle
An Overview of Consolidated Edison, Inc. (ED)
General Summary of Consolidated Edison, Inc. (ED)
Consolidated Edison, Inc. (ED) is a utility company headquartered in New York City. Founded in 1884, the company provides electricity, gas, and steam services primarily in New York City and Westchester County.
| Company Metric | 2024 Value |
|---|---|
| Total Customers | 3.5 million |
| Service Area | 1,416 square miles |
| Annual Energy Distribution | 84,000 gigawatt-hours |
Financial Performance
Consolidated Edison's latest financial report reveals significant financial metrics:
| Financial Metric | 2024 Amount |
|---|---|
| Total Revenue | $14.2 billion |
| Net Income | $1.3 billion |
| Earnings Per Share | $4.85 |
Industry Leadership
Consolidated Edison demonstrates leadership through:
- Renewable energy investments
- Advanced grid modernization
- Sustainability initiatives
| Renewable Energy Metric | 2024 Value |
|---|---|
| Renewable Energy Capacity | 1,200 megawatts |
| Carbon Reduction Goal | 80% by 2050 |
Mission Statement of Consolidated Edison, Inc. (ED)
Mission Statement of Consolidated Edison, Inc. (ED)
Consolidated Edison, Inc. (ED) operates with a mission focused on providing reliable energy services and sustainable infrastructure solutions.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Energy Reliability | Uninterrupted power delivery | 99.99% service uptime in 2023 |
| Customer Service | Responsive utility management | 4.2 million customer accounts served |
| Sustainability | Renewable energy integration | 30% renewable energy portfolio by 2025 |
Strategic Mission Objectives
- Maintain infrastructure investment of $1.8 billion annually
- Reduce carbon emissions by 40% by 2030
- Achieve net-zero greenhouse gas emissions by 2050
Performance Metrics
Financial performance supporting mission objectives:
| Metric | 2023 Value |
|---|---|
| Total Revenue | $14.3 billion |
| Net Income | $1.2 billion |
| Capital Expenditures | $1.85 billion |
Technological Investment
Smart grid technology investment: $450 million in 2023
- Advanced metering infrastructure deployment
- Grid modernization initiatives
- Cybersecurity enhancement programs
Vision Statement of Consolidated Edison, Inc. (ED)
Vision Statement of Consolidated Edison, Inc. (ED)
Sustainable Energy LeadershipConsolidated Edison, Inc. vision focuses on transforming the energy landscape with sustainable solutions. As of 2024, the company targets:
- 100% carbon-neutral operations by 2040
- $10 billion investment in clean energy infrastructure
- 50% renewable energy portfolio by 2030
| Vision Metric | 2024 Target |
|---|---|
| Carbon Emissions Reduction | 30% reduction from 2005 baseline |
| Renewable Energy Capacity | 2,500 MW |
| Grid Modernization Investment | $1.7 billion annually |
Consolidated Edison prioritizes innovative customer experiences through:
- Advanced digital energy management platforms
- Personalized energy efficiency programs
- Smart grid technology investments
| Customer Engagement Metric | 2024 Performance |
|---|---|
| Digital Platform Users | 1.2 million |
| Energy Efficiency Program Participation | 42% of customer base |
Consolidated Edison commits to technological advancement through:
- $250 million annual R&D investment
- Advanced energy storage solutions
- Electric vehicle charging infrastructure expansion
| Innovation Metric | 2024 Target |
|---|---|
| EV Charging Stations | 500 new stations |
| Energy Storage Capacity | 150 MW |
Core Values of Consolidated Edison, Inc. (ED)
Core Values of Consolidated Edison, Inc. (ED) in 2024
Safety First
Consolidated Edison invests $288.5 million annually in safety infrastructure and employee training programs.
| Safety Metric | 2024 Data |
|---|---|
| Employee Safety Training Hours | 52,340 hours |
| Safety Incident Reduction | 14.2% year-over-year |
Environmental Sustainability
Committed to reducing carbon emissions by 50% by 2030.
- Renewable Energy Investment: $425 million
- Green Infrastructure Projects: 37 active initiatives
- Carbon Neutrality Target: 2040
Customer Reliability
Maintaining 99.7% service reliability across service territories.
| Customer Service Metric | 2024 Performance |
|---|---|
| Average Outage Duration | 57 minutes |
| Customer Satisfaction Rate | 87.3% |
Community Engagement
Investing $18.6 million in community development programs.
- Local Economic Support: $7.2 million
- Educational Grants: $3.4 million
- Community Infrastructure Projects: 22 active initiatives
Technological Innovation
R&D investment of $92.3 million in smart grid technologies.
| Innovation Area | Investment |
|---|---|
| Smart Meter Implementation | $45.6 million |
| Grid Modernization | $36.7 million |
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