Summary
Consolidated Edison, Inc. (Con Edison) presented a stable financial performance in its 2015 10-K filing, with its core utility operations in New York City and surrounding areas demonstrating resilience. The company's primary business segments, Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R), contributed significantly to overall revenues and net income, benefiting from approved rate plans that allow for the recovery of operating costs and capital investments. Con Edison also continued to expand its presence in competitive energy businesses and transmission projects, aiming to diversify its earnings and capitalize on growth opportunities in renewable energy infrastructure. Financially, Con Edison maintained a solid capital structure and adequate liquidity, supported by consistent cash flows from its regulated operations. The company's forward-looking capital expenditure plans indicated a continued commitment to maintaining and upgrading its utility infrastructure, investing in new energy technologies, and pursuing strategic growth initiatives. Despite facing regulatory reviews and evolving energy policies such as the Reforming the Energy Vision (REV) proceeding, Con Edison demonstrated its ability to adapt and manage its business effectively, with a focus on providing reliable and sustainable energy services to its customers while delivering shareholder value through dividends and earnings growth.
Financial Highlights
49 data points| Revenue | $12.55B |
| R&D Expenses | $23.00M |
| Operating Expenses | $10.13B |
| Operating Income | $2.43B |
| Interest Expense | $632.00M |
| Net Income | $1.19B |
| EPS (Basic) | $4.07 |
| EPS (Diluted) | $4.05 |
| Shares Outstanding (Basic) | 293.00M |
| Shares Outstanding (Diluted) | 294.40M |
Key Highlights
- 1Consolidated Edison, Inc. (Con Edison) operates primarily through its regulated utility subsidiaries, CECONY and O&R, serving millions of customers in New York, New Jersey, and Pennsylvania.
- 2The company's revenue streams are largely derived from regulated utility operations, with approved rate plans providing a degree of revenue stability and predictability.
- 3Con Edison is actively involved in the competitive energy sector, developing and operating renewable energy projects, and is also investing in electric and gas transmission infrastructure through Con Edison Transmission.
- 4The company's financial performance in 2015 showed stability, with net income and operating revenues demonstrating consistent performance, reflecting the regulated nature of its core business.
- 5Capital expenditures were significant, focused on infrastructure upgrades, reliability improvements, and investments in new energy technologies and renewable energy projects.
- 6Con Edison's commitment to shareholder returns is evident in its history of dividend payments, supported by earnings from its regulated utility and contracted assets.
- 7The company is navigating evolving regulatory landscapes, including the New York "Reforming the Energy Vision" (REV) initiative, which aims to modernize the energy system by integrating distributed energy resources and promoting customer choice.