Consolidated Edison
conEdison logo designed by Peter Arnell
Type	Invention/Energy company
Founded	1823
Headquarters	United States
Key people	Kevin Burke (CEO)
Industry	Energy industry
Services	Electricity
Website	www.coned.com

Consolidated Edison, Inc. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" The energy industry is a generic term for all of the industries involved the production and sale of Energy, including Fuel extraction manufacturing A service is the non-material equivalent of a good. A service provision is an economic activity that does not result in Ownership, and this is what differentiates A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages NYSE: ED is one of the largest investor-owned energy companies in the United States. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. , a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc. The City of New York Westchester County is a primarily Suburban county located in the U , a regulated utility serving customers in a 1,350-square-mile (3,500 km²) area in southeastern New York and adjacent sections of northern New Jersey and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; and Con Edison Development, a company that owns and operates generating plants and participates in other infrastructure projects. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous New Jersey ( is a state in the Mid-Atlantic and Northeastern regions of the United States. The Commonwealth of Pennsylvania ( often colloquially referred to as PA (its abbreviation by natives and Northeasterners is a state located in the Northeastern

Con Edison produces 30 billion pounds of steam each year through its seven cogeneration plants (which boil water to 1,000°F (538°C) before pumping it to 100,000 buildings in Manhattan below 96th Street -- the biggest steam system in the world. Energy recycling Cogeneration (also combined heat and power, CHP) is the use of a Heat engine or a Power station to simultaneously generate both Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York ^[1]

Company history

In 1823, Con Edison’s earliest corporate entity, the New York Gas Light Company, was founded by a consortium of New York City investors. In 1824 New York Gas Light was listed on the New York Stock Exchange, it has the record for being the longest listed stock on the NYSE.

In 1884, six gas companies combined into the Consolidated Gas Company. The New York Steam Company began providing service in lower Manhattan in 1882. Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York Today, Con Edison operates the largest commercial steam system in the world, providing steam service to nearly 1,600 commercial and residential establishments in Manhattan from the Battery to 96th Street. District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements ^[2]

Con Edison’s electric business also dates back to 1882, when Thomas Edison’s Edison Electric Illuminating Company of New York began supplying electricity to 59 customers in a one-square-mile area in lower Manhattan. After the “War of Currents”, there were more than 30 companies generating and distributing electricity in New York City and Westchester County. In the "War of Currents" era (sometimes "War of the Currents" or "Battle of Currents") in the late 1880s George Westinghouse But by 1920 there were far fewer, and the New York Edison Company (then part of Consolidated Gas) was clearly the leader.

In 1936, with electric sales far outstripping gas sales, the company incorporated and the name was changed to Consolidated Edison Company of New York, Inc. The years that followed brought further amalgamations as Consolidated Edison acquired or merged with more than a dozen companies between 1936 and 1960. Con Edison today is the result of acquisitions, dissolutions and mergers of more than 170 individual electric, gas and steam companies. In law dissolution has multiple meanings Dissolution is the last stage of Liquidation, the process by which a Company (or part of a company is brought to an This page is about the physical properties of gas as a state of matter Uses A Steam engine uses the expansion of steam in order to drive a Piston or Turbine to perform Mechanical work.

On January 1, 1998, following the deregulation of the utility industry in New York state, a holding company, Consolidated Edison, Inc. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Deregulation, a term which gained widespread currency in the period 1970-2000 can be seen as a process by which governments remove reduce or simplify Restrictions on Business , was formed. It is one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $28 billion in assets. The company provides a wide range of energy-related products and services to its customers through two regulated utility subsidiaries and three competitive energy businesses. Con Edison (NYSE: ED), under a number of different corporate names, remains the longest continuously traded stock on the New York Stock Exchange. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Its largest subsidiary, Consolidated Edison Company of New York, Inc. provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York, an area of 660 square miles (1,700 km²) with a population of nearly 9 million.

Major accidents

• 1989: A steam pipe explosion in Gramercy Park killed three, injured 24 and required the evacuation of a damaged apartment building due to high levels of asbestos in the air. Gramercy Park (sometimes misspelled as Grammercy) is a small fenced-in private park in the Gramercy neighborhood of Manhattan, New York City Workers had failed to drain water from the pipe before turning the steam on. ^[3]
• 2005: In Manhattan, stray voltage killed a woman walking her dog in the East Village when she stepped on an electrified metal plate. " Stray voltage " is a term commonly used throughout the electric utility industry to describe when infrastructure devices such as lamp posts manholes gratings and junction The East Village is a neighborhood in the borough of Manhattan in New York City. ^[4]
• 2007: On July 18 an explosion occurred in midtown Manhattan near Grand Central Terminal when an 83-year-old Con Edison steam pipe failed - resulting in one death, over 40 injuries, as well as subway and surface disruptions. Events 390 BC - Roman - Gaulish Wars Battle of the Allia - a Roman army is defeated by raiding Gauls, The July 18, 2007 New York City steam explosion sent a geyser of hot steam up from beneath a busy intersection with a 40-story-high shower of mud and flying "Grand Central Station" redirects here For other uses see Grand Central. ^[5]

Other information

A former Con Edison building on 48th Street in Manhattan was converted first into the studio for the television game show Let's Make a Deal, and later into a recording studio called “The Power Station” because of its Edison history. Let's Make a Deal is a Television Game show which originated in the United States and has since been produced in many countries throughout the In 1996, the studio was renamed Avatar Studios. Avatar Studios, formerly known as the The Power Station, is a Recording studio at 441 West 53rd Street in Manhattan, New York City.

The 93,000 miles (150,000 km) of underground cable in the Con Edison system could wrap around the Earth 3. 6 times. Nearly 36,000 miles (58,000 km) of overhead electric wires complement the underground system -- enough cable to stretch between New York and Los Angeles 13 times. ^[6]

The Con Edison gas system has nearly 7,200 miles (11,600 km) of pipes – if laid end to end, long enough to reach Paris and back to New York City. The average volume of gas that travels through Con Edison’s gas system annually could fill the Empire State Building nearly 6,100 times. ^[7]

Con Edison operates the largest district steam system in the world. District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements Steam traveling through the system is used to heat and cool some of New York’s most famous addresses, including the United Nations complex, the Empire State Building, and the Metropolitan Museum of Art. ^[8]

In 2005, electric revenues accounted for 64. 9% of consolidated sales (68. 2% in 2004); gas revenues 15. 9% (15. 4%); non-utility revenues 13. 6%(10. 8%); and steam revenues 5. 5% (5. 6%).

Corporate leadership

• Kevin Burke, Chairman, President, and Chief Executive Officer
• Stephen B. Bram, Group President, Competitive Energy Businesses
• Robert N. Hoglund, Senior Vice President and Chief Financial Officer
• Charles E. McTiernan, Jr. , General Counsel
• Saddie L. Smith, Secretary
• Edward J. Rasmussen, Vice President, Controller, and Chief Accounting Officer
• Joseph P. Oates, Vice President and Treasurer

See also

• Northeast Blackout of 1965
• New York City blackout of 1977
• 2003 North American blackout
• 2006 Queens blackout
• 2007 New York City steam explosion

References

External links

• Con Edison official site
• Con Edison Plans To Increase Rates