2016 Financial Press Releases

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11/17/16Con Edison Wins ReliabilityOne(TM) Award for Outstanding System-Wide Reliability for the Ninth Year in a Row
NEW YORK, NY -- (Marketwired) -- 11/17/16 -- Con Edison was recognized by PA Consulting Group, Inc. last night with the 2016 Outstanding System-Wide Reliability Award for the ninth year in a row. Con Edison also received the ReliabilityOne™ Award for Outstanding Reliability Performance in the Northeast Region. "Providing safe and reliable service for all New Yorkers is and will always be our highest priority," said Brian Horton, the company's vice president of Electric Operations in Brooklyn ... 
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11/04/16CORRECTION - Con Edison CFO Robert Hoglund to Present at 2016 EEI Financial Conference, November 8
NEW YORK, NY -- (Marketwired) -- 11/04/16 -- In the news release, "Con Edison CFO Robert Hoglund to Present at 2016 EEI Financial Conference, November 8," issued Thursday, November 3, 2016 by Con Edison (NYSE: ED), we are advised by the company that the presentation time mentioned in the first paragraph should be 11:15 a.m. (Eastern time), rather than 10:15 a.m. (Eastern time) as originally issued. Complete corrected text follows. Con Edison CFO Robert Hoglund to Present at 2016 EEI Financial... 
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11/03/16Con Edison Reports 2016 Third Quarter Earnings
NEW YORK, NY -- (Marketwired) -- 11/03/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported third quarter net income of $497 million or $1.63 a share compared with $428 million or $1.46 a share in 2015. Adjusted earnings, which exclude the effects of a gain on the sale of the competitive energy businesses' (CEBs) retail electric supply business, a gain related to a solar electric production investment, the impairment of assets held for sale in 2015 and the net mark-to-market... 
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11/03/16Con Edison CFO Robert Hoglund to Present at 2016 EEI Financial Conference, November 8
NEW YORK, NY -- (Marketwired) -- 11/03/16 -- Con Edison (NYSE: ED) Senior Vice President and Chief Financial Officer Robert Hoglund will present an overview of the company's long-range plan at the 2016 Edison Electric Institute Financial Conference on November 8 at 10:15 a.m. (Eastern time). The webcast will be available at http:www.wsw.com/webcast/eei3/ed and slides will be available on Con Edison's website, http://phx.corporate-ir.net/phoenix.zhtml?c=61493&p=irol-presentations. Consolidat... 
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10/31/16Solar Power From Con Edison Rooftops to Benefit Low-Income Customers
NEW YORK, NY -- (Marketwired) -- 10/31/16 -- Con Edison proposed a pilot program today to build solar arrays on its company-owned building rooftops and properties to make clean, renewable energy available to low-income customers, a residential sector that has little access to the burgeoning rooftop solar market. There would be no cost to low-income participants, who could realize savings of up to $60 per year. The company said in a filing (http://bit.ly/2f0Tzwk) with the New York State Public... 
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10/20/16Con Edison Declares Common Stock Dividend
NEW YORK, NY -- (Marketwired) -- 10/20/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 67 cents a share on its common stock, payable December 15, 2016, to stockholders of record as of November 16, 2016. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $47 billion in assets. The company provides a wide range of energy-related products and services to it... 
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10/13/16Con Edison Will Release 3rd Quarter 2016 Earnings on November 3
NEW YORK, NY -- (Marketwired) -- 10/13/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) will release its third quarter earnings on November 3, 2016 after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $47 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Com... 
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09/16/16Con Edison CEO John McAvoy to Speak at 2016 Wolfe Research Power & Gas Leaders Conference on September 27
NEW YORK, NY -- (Marketwired) -- 09/16/16 -- Consolidated Edison, Inc. (NYSE: ED) Chairman, President and CEO John McAvoy will be presenting at the 2016 Wolfe Research Power & Gas Leaders Conference on Tuesday, September 27, 2016 at 3:30 p.m. (E.D.T.). Live audio webcast and slides as well as a replay of the presentation will be available at the links below: TalkPoint link: Regulated Growth Stories WEBCAST URL: https://cc.talkpoint.com/wolf001/092716a_js/?entity=6_C2ICR27 Con Ediso... 
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09/08/16Con Edison Met Record Demand for Power as Summer Heat, Humidity Hit Region
Investments, Work of Crews Kept Power Flowing NEW YORK, NY -- (Marketwired) -- 09/08/16 -- Con Edison customers set a record for power consumption during the year's two hottest months, using 13.29 million megawatt hours to run their homes and businesses in July and August. The previous record for usage in a two-month period was 13.26 million megawatt hours set in July and August of 2010. "We use technology and the expertise of our engineers and operators to guide our investments in our under... 
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08/30/16Con Edison SVP & CFO Robert Hoglund to Present at Barclays Capital 2016 CEO Energy/Power Conference
NEW YORK, NY -- (Marketwired) -- 08/30/16 -- Con Edison (NYSE: ED) Senior Vice President and Chief Financial Officer Robert Hoglund will be presenting at the Barclays Capital 2016 CEO Energy/Power Conference, Tuesday, September 6, at 1:45 p.m. (E.D.T.) Live audio webcast and slides as well as a replay of the presentation will be available at the links below: Talk Point link: https://cc.talkpoint.com/barc002/090616a_js/?entity=35_PHHDSOH Con Edison website: http:... 
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08/04/16Con Edison Reports 2016 Second Quarter Earnings
NEW YORK, NY -- (Marketwired) -- 08/04/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported second quarter net income of $232 million or $0.78 a share compared with $219 million or $0.75 a share in 2015. Adjusted earnings, which exclude the impairment of a solar electric production investment and the net mark-to-market effects of the competitive energy businesses (CEBs), were $179 million or $0.60 a share in 2016 compared with $228 million or $0.78 a share in 2015. For the fi... 
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07/29/16Con Edison Will Release 2nd Quarter 2016 Earnings on August 4
NEW YORK, NY -- (Marketwired) -- 07/29/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) will release its second quarter earnings on August 4, 2016, after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $46 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Com... 
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07/21/16Con Edison Declares Common Stock Dividend
NEW YORK, NY -- (Marketwired) -- 07/21/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 67 cents a share on its common stock, payable September 15, 2016, to stockholders of record as of August 17, 2016. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $46 billion in assets. The company provides a wide range of energy-related products and services to its... 
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06/06/16Consolidated Edison and Crestwood Announce Closing of Northeast Pipeline and Storage Joint Venture
NEW YORK, NY and HOUSTON, TX -- (Marketwired) -- 06/06/16 -- Consolidated Edison, Inc. (NYSE: ED) ("Con Edison") and Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") today announced that they have completed the formation of a new joint venture to own and develop Crestwood's existing natural gas pipeline and storage business located in southern New York and northern Pennsylvania. As part of the transaction, Crestwood contributed its existing interstate natural gas pipeline and storage ... 
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05/26/16Con Edison Forecasts Summer Savings; $1.6 Billion Invested for Reliability
NEW YORK, NY -- (Marketwired) -- 05/26/16 --  Con Edison customers in New York City and Westchester County can expect slightly lower electric bills this summer compared to last year, and can save even more with energy efficiency upgrades in their homes and businesses. Supply prices for natural gas, which fuels most electric power plants serving the New York region, have remained low and will lead to lower summer bills this year. A typical New York City residential customer using 350 kilow... 
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05/16/16Con Edison Ceo: New Technology Will Transform Every Aspect of the Customer Experience
NEW YORK, NY -- (Marketwired) -- 05/16/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) Chairman and CEO John McAvoy told shareholders at today's annual meeting that "solar, battery storage, wind, and other renewables will be increasingly a part of the energy landscape." He also talked about the company's $1.4 billion smart meter project, the largest capital investment in Con Edison's 193-year history, and how it will put choice, control, and convenience into customers' hands. "We'v... 
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05/13/16Con Edison Transmission President Joseph Oates to Speak at 2016 AGA Financial Forum
NEW YORK, NY -- (Marketwired) -- 05/13/16 -- Joseph Oates, President of Con Edison Transmission, Inc., a subsidiary of Consolidated Edison, Inc. (NYSE: ED), will provide a Consolidated Edison, Inc. update at the 2016 AGA Financial Forum on Monday, May 16 at 9:45 a.m. (Eastern Daylight Time). A live audio webcast and a replay of the presentation will be available at http://wsw.com/webcast/aga16/ed. The link also will be posted at the Con Edison Investor Relations website at: http://phx.corpo... 
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05/11/16Con Edison Announces Pricing of Common Share Offering
NEW YORK, NY -- (Marketwired) -- 05/11/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) announced the pricing of a registered underwritten public offering of 8,800,000 of its common shares at $71.50 per common share. In addition, Con Edison granted to the underwriters an option for a period of 30 days to purchase up to 1,320,000 of additional common shares upon the same terms. Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Mizuho Securities and Wells Fargo Securities are the ... 
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05/09/16Con Edison Announces Plans for Common Share Offering
NEW YORK, NY -- (Marketwired) -- 05/09/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced that it plans to commence the offering of 8,800,000 of its common shares in a registered underwritten public offering. In addition, Con Edison intends to grant to the underwriters an option for a period of 30 days to purchase up to 1,320,000 of additional common shares. Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Mizuho Securities and Wells Fargo Securities are the joint ... 
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05/05/16Con Edison Reports 2016 First Quarter Earnings
1st Quarter 2016 Sales and Revenues ReportNEW YORK, NY -- (Marketwired) -- 05/05/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported first quarter net income of $310 million or $1.05 a share compared with $370 million or $1.26 a share in 2015. Adjusted earnings, which exclude the net mark-to-market effects of the competitive energy businesses (CEBs) were $348 million or $1.18 a share in 2016 compared with $365 million or $1.25 a share in 2015. "Despite the impact of w... 
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04/29/16Con Edison Will Release 2016 First Quarter Earnings After Market Close on May 5
NEW YORK, NY -- (Marketwired) -- 04/29/16 --  Consolidated Edison, Inc. (Con Edison) (NYSE: ED) announced today that it will release first quarter earnings on May 5, 2016 after the market closes. Consolidated Edison, Inc. (NYSE: ED) is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $46 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsi... 
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04/21/16Con Edison Declares Common Stock Dividend
NEW YORK, NY -- (Marketwired) -- 04/21/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 67 cents a share on its common stock, payable June 15, 2016, to stockholders of record as of May 18, 2016. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $46 billion in assets. The company provides a wide range of energy-related products and services to its cu... 
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04/21/16Consolidated Edison and Crestwood Announce Northeast Pipeline and Storage Joint Venture
NEW YORK, NY and HOUSTON, TX -- (Marketwired) -- 04/21/16 -- Consolidated Edison, Inc. (NYSE: ED) ("Con Edison") and Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") today announced that their subsidiaries entered into definitive agreements to form a joint venture to own and develop Crestwood's existing natural gas pipeline and storage business located in northern Pennsylvania and southern New York. These premier natural gas pipelines and storage facilities provide a critical link be... 
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02/18/16Con Edison Reports 2015 Earnings
NEW YORK, NY -- (Marketwired) -- 02/18/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2015 net income of $1,193 million or $4.07 a share compared with $1,092 million or $3.73 a share in 2014. Adjusted earnings, which exclude the impairment of certain assets held for sale, the gain on sale of solar electric production projects, the impact of lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs) were $1,... 
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01/29/16Con Edison Files Electric & Gas Rate Proposals for 2017
Smart Meter Technology to Give Customers More Energy Choices & Greater Control Over Bills; Accelerated Gas Main Replacement for Safety, Reliability & Cleaner Environment NEW YORK, NY -- (Marketwired) -- 01/29/16 -- Consolidated Edison Company of New York, Inc. (Con Edison) today filed rate proposals for its electric and gas delivery services beginning in 2017 to fund infrastructure investments that will give customers greater control over their electric usage and bills; improve service rel... 
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01/25/16Con Edison to Report 2015 Earnings on February 18
NEW YORK, NY -- (Marketwired) -- 01/25/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to release its earnings for 2015 after the market closes on Thursday, February 18, 2016. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $45 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolid... 
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01/21/16Con Edison Declares Common Stock Dividend
NEW YORK, NY -- (Marketwired) -- 01/21/16 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 67 cents a share on its common stock, payable March 15, 2016 to stockholders of record as of February 17, 2016, an annualized increase of 8 cents over the previous annualized dividend of $2.60 a share. The increase in the dividend is the 42nd consecutive annual increase for stockholders, the longest successive increases of any utility in the S&P 500 index. "The i... 
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