Who Owns Con Edison?
Con Edison is the utility brand of Consolidated Edison, Inc. (NYSE: ED), the regulated energy company serving New York City and Westchester County. The brand covers electric, natural gas, and steam service to about 3.6 million customers, making it one of the largest investor-owned utilities in the United States.
Parent Company
Founded
1823
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns Con Edison?
- Parent Company: Consolidated Edison, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: ED
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Con Edison | Consolidated Edison, Inc. | Brand division |
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History of Con Edison
- Founded: 1823
- Founders: New York Gas Light Company founders
The brand's roots reach to 1823 and the New York Gas Light Company, which lit Manhattan streets with coal gas before electricity existed. Thomas Edison's 1882 Pearl Street Station started the electric era downtown, and competing utilities merged into Consolidated Edison by 1936.
The steam system built alongside the skyscrapers it serves became a signature: Manhattan still runs the largest commercial steam network in the country, heating and powering buildings through century-old pipes.
The modern brand is the utility every New Yorker knows simply as Con Ed, the name on the bill, the crews in the manholes, and the company blamed and credited for keeping the lights on through storms and blackouts.
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About Consolidated Edison, Inc.
What does Consolidated Edison own?
The company owns Con Edison of New York, the electric, gas, and steam utility serving NYC and Westchester, Orange & Rockland Utilities, plus transmission and clean energy subsidiaries.
Is Consolidated Edison publicly traded?
Yes. It trades on the NYSE under ticker ED and is an S&P 500 component.
When was Consolidated Edison founded?
Its predecessor New York Gas Light Company was founded in 1823. The Consolidated Edison name dates to 1936.
Where is Consolidated Edison headquartered?
The company is headquartered at 4 Irving Place in New York City.
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Who owns Consolidated Edison?
Public shareholders own it through the NYSE listing, with institutional investors holding most shares.
What is Con Edison's service area?
New York City and Westchester County for the main utility, plus northern New Jersey and northeast Pennsylvania through Orange & Rockland.
Is Con Edison a monopoly?
Yes, a regulated one: the New York Public Service Commission grants the franchise and sets rates in exchange for universal service obligations.
- Founded: 1823
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NYSE: ED
- Revenue: Approximately $15.3 billion (FY2025)
- Employees: Approximately 15,000
Where Is Con Edison Made / Based?
- Headquarters: New York City, New York, USA
Con Edison Categories & Tags
Con Edison Recalls & Controversies
Rate cases: Periodic delivery rate increases draw public and political opposition given New York's already highest-in-nation power costs.
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Outages: The 2019 Manhattan blackout and storm-related outages draw outsized scrutiny given the city's centrality and the monopoly's accountability.
Steam incidents: Periodic steam pipe explosions on the aging underground network have raised safety and maintenance scrutiny.
Con Edison Ownership: Pros & Cons
Advantages
- +Regulated monopoly over America's most valuable energy market
- +Predictable earnings and 50-plus years of dividend increases
- +Clean energy mandates drive decades of grid investment
- +Unique steam system adds a durable niche business
Considerations
- -Regulatory and political pressure caps allowed returns
- -Highest rates in the nation invite scrutiny on every increase
- -Gas network faces long-term electrification risk
- -Storm and heat events create recurring reliability exposure
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Frequently Asked Questions About Con Edison
Sources & Further Reading
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Competitors to Con Edison
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Pge | USA | 1905 | Mass market | United states | All Genders | |
| American Electric Power | USA | 1906 | Mass market | United states | All Genders | |
| Iberdrola | USA | 2015 | Mass market | United states | Unisex | |
| Exelon | USA | 1816 | Mass market | United states | All-ages | |
| Cms Energy | USA | 1987 | Mass market | United states | All-ages | |
| Exelon | United States | 1909 | Mass market | United states | All Genders |
Learn More About Competitors
Energy UtilitiesPG&E
Owned by PG&E Corporation
Pacific Gas and Electric Company, the regulated utility serving 16 million people across Northern and Central California, and the operating brand of PG&E Corporation.
utilityelectricitynatural-gas
Energy UtilitiesAEP
Owned by Unknown Company
Flagship brand of American Electric Power, one of the largest U.S. electric utilities, serving 5.6 million customers in 11 states through regional operating companies.
utilityelectricitytransmission
Energy UtilitiesAvangrid
Owned by Iberdrola
US-based energy company providing electricity and natural gas services to millions of customers across multiple states, owned by Spanish utility Iberdrola.
energyelectricitynatural-gas
Energy UtilitiesBaltimore Gas and Electric
Owned by Exelon Corporation
Maryland-based electric and natural gas utility founded in 1816 and owned by Exelon Corporation. BGE serves over 1.25 million electric customers and 650,000 natural gas customers across central Maryland.
electricitynatural-gasutilities
Energy UtilitiesCMS Energy
Owned by CMS Energy
American energy company providing electricity and natural gas utility services to Michigan residents through Consumers Energy subsidiary.
energy-utilityelectricitynatural-gas
Energy UtilitiesDelmarva Power
Owned by Exelon Corporation
Delaware and Maryland-based electric and natural gas utility company serving approximately 515,000 electric and 130,000 natural gas customers, owned by Exelon Corporation.
electricitynatural-gasutilities
Competitive Analysis
Market Positioning: Con Edison competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Con Edison
Looking for brands with different ownership structures? These similar brands are not owned by Consolidated Edison, Inc., giving you alternative choices that support different corporate structures.
Energy UtilitiesPG&E
Owned by PG&E Corporation
Pacific Gas and Electric Company, the regulated utility serving 16 million people across Northern and Central California, and the operating brand of PG&E Corporation.
utilityelectricitynatural-gas
Publicly Traded
PG&E operates independently without a large parent corporation.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike Con Edison which is under a publicly traded parent company.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike Con Edison which is under a publicly traded parent company.
Energy UtilitiesAEP
Owned by Unknown Company
Flagship brand of American Electric Power, one of the largest U.S. electric utilities, serving 5.6 million customers in 11 states through regional operating companies.
utilityelectricitytransmission
Independent
AEP operates independently without a large parent corporation.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike Con Edison which is under a publicly traded parent company.
Energy UtilitiesCMS Energy
Owned by CMS Energy
American energy company providing electricity and natural gas utility services to Michigan residents through Consumers Energy subsidiary.
energy-utilityelectricitynatural-gas
Publicly Traded
CMS Energy operates independently without a large parent corporation.
Consolidated Edison, Inc. Stock Information
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Jobs at Consolidated Edison, Inc.
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