Consolidated Edison at All-Time High – USD 38 Billion for New York's Energy Transition

Con Edison operates electricity networks in the New York metropolitan area, driving the electrification of buildings and transportation fleets. The company plans to invest USD 38 billion by 2030 and a total of 28 new substations by 2035. The regulated earnings base is expected to grow by 8.7% annually, and the dividend has been increasing for 52 years. Consolidated Edison (ED) shows relative strength among US utilities. On November 2, the stock reached a new all-time high of USD 118.79. Year-to-date, the stock has gained around 19%, and...