Company Overview - Consolidated Edison (Con Edison) delivers electricity to approximately 3.7 million customers, gas to about 1.1 million customers, and steam to approximately 1,500 customers through CECONY[10] - Orange and Rockland Utilities (O&R) delivers electricity to approximately 0.3 million electric customers and gas to more than 0.1 million customers[10] - Con Edison Transmission (CET) develops and invests in electric transmission projects[10] Economic Impact and Policy Alignment - Con Edison supports 40,600 jobs in New York State, including 15,100 directly employed workers[29] - The utilities' contract spending reached $2.1 billion in New York State in 2024, with $540 million going to diverse and small businesses[29] - Con Edison contributed $4.8 billion in taxes and fees in New York State in 2024, with $3.3 billion going to New York City[29] Infrastructure and Electrification - CECONY's electric delivery system is nine times more reliable than the national average[18] - The company is proactively expanding infrastructure for Hunts Point electrification in 2029[45] - The company is preparing Parkchester Substation for new electric vehicle chargers in 2029[45] Climate Resilience and Investments - CECONY has proposed roughly $645 million in resiliency project investments from 2025 – 2029 to prevent and mitigate the impact of extreme weather[71] - O&R plans to invest roughly $184 million in resiliency project investments from 2025 – 2029 to prevent and mitigate extreme weather impacts[73] Electric Vehicle (EV) Programs - CECONY has installed more than 650 DCFC and more than 14,000 Level 2 plugs through the PowerReady program[102] - O&R launched its largest single electric vehicle charging project at The Gardens at Palisades condominium complex in Pomona, NY, installing 120 Level 2 chargers, equal to ~1.4 MW[109] Emissions Reduction and Sustainability - Con Edison has reduced its greenhouse gas emissions by 55% since 2005[126] - CECONY filed a $332 million petition with the NYSPSC for four steam decarbonization projects, expecting to reduce carbon emissions from steam generation activities by 33% by 2040[127] - The company is committed to electrifying 100% of its fleet of light-duty vehicles by 2035, with an interim goal of 80% by 2030[133] Customer Affordability and Energy Efficiency - Con Edison provided customers $1.5 billion in incentives between 2020 – 2024 and has an additional $423 million planned for 2025[138] - The New York State Public Service Commission approved aggregate budgets of approximately $2.14 billion for CECONY and $110 million for O&R for Energy Efficiency and Building Electrification for 2026 – 2030[138] - As of June 2025, approximately 459,000 CECONY and O&R customers, or 14% of the customer base, are enrolled in Energy Affordability Programs (EAPs)[165]