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Consolidated Edison Inc (ED)

ED on New York Consolidated

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21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

NY's Con Ed activates program to save power during heat wave
Tuesday, 26 Jul 2016 11:34am EDT 

New York electric company Consolidated Edison activated a program on Tuesday to reduce power demand as customers cranked up their air conditioners to escape the lingering heat wave baking the Big Apple. : Con Ed forecast demand for power could reach about 11,800 megawatts on Tuesday and 11,500 MW on Wednesday, which is near the highest levels seen so far in 2016, but falls short of peak usage on Friday and Monday. . Peak demand on Monday hit 12,075 MW, which fell short of Friday's 12,124 MW high for the year. . Con Ed said Monday's peak did not top Friday's as was previously forecasted in part because thunderstorms late in the day briefly cooled the New York City and Westchester service area. [nL1N1AB0P4] . The company's all-time peak was 13,322 MW set on July 19, 2013. . Participants in Con Ed's demand response programs, which the company activated on Monday and Tuesday, can reduce power usage by about 220 MW by turning off elevators, lights and raising air conditioner thermostats, the company said. (Reporting by Scott DiSavino) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net)) Keywords: USA NEW YORK/POWER HEATWAVE.  Full Article

Consolidated Edison declares common stock dividend
Thursday, 21 Jul 2016 02:10pm EDT 

Consolidated Edison Inc : Con Edison declares common stock dividend .Declared a quarterly dividend of 67 cents a share.  Full Article

Consolidated Edison Inc creates transmission subsidiary
Monday, 25 Jan 2016 04:02pm EST 

Consolidated Edison Inc:Has created a new subsidiary dedicated to investing in electric and gas transmission projects that can help expand and diversify energy resources while encouraging competitive pricing for consumers.John McAvoy will become president of new subsidiary, Con Edison Transmission Inc.  Full Article

Consolidated Edison Inc declares common stock dividend
Thursday, 21 Jan 2016 05:10pm EST 

Consolidated Edison Inc:Declared a quarterly dividend of 67 cents a share on its common stock.Payable on March 15 to stockholders of record date as of February 17.  Full Article

Consolidated Edison Inc declares common stock dividend
Thursday, 22 Oct 2015 03:05pm EDT 

Consolidated Edison Inc:Declared a quarterly dividend of 65 cents a share on its common stock.Payable Dec.15, to stockholders of record as of Nov.18.  Full Article

Consolidated Edison Inc reaffirms FY 2015 EPS outlook
Thursday, 6 Aug 2015 05:58pm EDT 

Consolidated Edison Inc:reaffirms FY 2015 adjusted earnings in the range of $3.90 to $4.05 per share.FY 2015 EPS of $3.95 - Thomson Reuters I/B/E/S.  Full Article

Boosting renewable energy sources requires gas too -Con Edison

NEW YORK, June 1 Shifting more U.S. energy production to renewable sources such as wind and solar power is doable but will require greater use of natural gas and overcoming opposition to building pipelines, a senior executive of a U.S. utility said on Thursday.