Con Edison(US:ED)2022-11-29 13:34Clean Energy Commitment & Goals - Con Edison plans to invest over $300 million in EV Make-Ready Program by 2025[13] - Con Edison aims to invest $15 billion in energy efficiency programs by 2025[13] - The company aims to reduce methane emissions from the natural gas delivery system to ≤1% by 2025[13] - Con Edison plans to invest ˃$1 billion in electric transmission for renewable energy and $2 billion in system resiliency by 2030[14] - The company aims to support the installation of 400000 EV charging plugs by 2035 and 1 million EV charging plugs by 2050[15] - Con Edison aims to reduce methane emissions from the natural gas delivery system to net zero by 2040[15] - Con Edison has reduced its carbon footprint by 50% since 2005[44] System & Customer Information - Con Edison delivers electricity, gas, and steam to 10 million people, fulfilling about 44% of New York State's electricity needs[6] - Con Edison provides natural gas to 12 million customers[6] - Con Edison's building efficiency programs are investing $18 billion from 2020 through 2025 in energy efficiency and clean heating[31] - Con Edison purchased $362 million from women- and minority-owned businesses and $582 million from small businesses in 2021[50] Financials - Con Edison envisions $72 billion in investments over the next 10 years to achieve its goals[54] - The company forecasts a capital investment of ~$157 billion for 2022-2024, with $47 billion allocated to green projects and $11 billion for safety & reliability[54] - Con Edison reached an agreement to sell Con Edison Clean Energy Businesses to a subsidiary of RWE Aktiengesellschaft for $68 billion, expected to close in the first half of 2023[55]