Consolidated Edison, or Con Edison, originated as the New York Gas Light Company in 1823. In 1884, the New York Gas Light Company and five other gas companies merged and formed the Consolidated Gas Company. By the early 1900s, electric sales began to surpass gas sales, and the company became one of the leaders for electricity services by 1920. They changed their name to Consolidated Edison in 1936.
Over the years, more than 170 gas, electric, and steam companies have dissolved and merged with Con Edison. Today, they’re one of the biggest gas and electric companies in the country, and they serve almost 10 million people in New York City and Westchester County. About nine million customers receive electric services, and one million receive natural gas. The company makes about $13 billion each year in revenues and has around $47 billion in assets.
Con Edison has a number of subsidiaries that serve customers in New York City, the surrounding New York counties, and New Jersey. Some of these subsidiaries include Con Edison Energy, Orange and Rockland Utilities, and Con Edison Solutions.
Con Edison has spent around $3 billion on wind and solar projects, and the company announced in September 2017 that they would invest another $1.25 billion in renewable energy. Clean energy accounts for about 8 percent of Con Edison’s profits, and 75 percent of their renewable energy comes from solar energy.
Con Edison has almost 128,000 miles of cables and wires that carry electricity throughout New York. Their gas comes from Canada, upstate New York, Louisiana, Pennsylvania, Texas, and the Gulf of Mexico, and there are more than 4,000 miles of gas mains that connect the gas fields to the customers. Con Edison also has six steam plants throughout New York City with over 3,000 steam machines.
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