Consolidated Edison Returns to its Regulated Utility Roots, Plans to Sharply Boost Capex

March 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Leaders from utility company Consolidated Edison Incorporated (NYSE:ED) (New York, New York) remain committed to a clean energy future, but they plan to create that future closer to its New York home following last year's sale of the company's clean energy business unit, which developed non-emitting electricity resources far outside its New York service territory.

Industrial Info is tracking about 10 active Con Ed capital projects in New York State valued at about $533 million.