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Con Edison Chief Touts Safety, Innovation, Customer Digital Experience, and Solar Growth
“The safety of our customers and our employees is our number one priority,” McAvoy told shareholders. “The company has developed and started installing a first-of-its-kind, battery-powered natural gas detector that is integrated with the smart meter communications network. This is a significant safety advance that will alert the company of potentially dangerous situations immediately, generating quicker emergency response.”
He said Con Edison also has deployed 4,000 sensors that can detect early signs of electric cable degradation, and notify the company when a repair is needed.
“Solar power continues to grow; we now have 32,000 solar providers across our service territory, and we are working to ensure a seamless connection process,” said McAvoy, who added that
He also noted that the company has introduced a device that can avoid the cost of rewiring or modifying a home circuit breaker panel, essentially allowing solar or electric vehicles to be connected directly to the electric meter.
McAvoy reminded shareholders that Con Edison, through its Clean Energy Businesses, is now North America’s second-largest solar producer. Con Edison has solar and wind assets in 17 states, with a total renewable portfolio of 2,600 megawatts.
“We also are making investments in electric vehicle chargers,” McAvoy told the audience, “$25 million for programs that include curbside and fast-charging stations, working with
“We’ve recently modified our smart charging rewards program,” McAvoy added, “to support the growth of electric commercial trucks and buses. And our online marketplace allows any customer to compare the efficiency ratings of electric vehicles. These initiatives are a win for our customers, and the environment.”
Con Edison’s chairman said that in the last decade, 700,000 customers have taken advantage of Con Edison’s and
The two regulated utilities also are continuing their installation of 5.3 million smart meters across their service areas, a project that will be completed by 2022. The meters will help reduce energy consumption by giving customers new opportunities to improve evaluation, management, and control of energy costs, and also will reduce power-generation emissions through more effective voltage regulation, diminishing customer costs.
McAvoy also cited the work of the company’s subsidiary,
He said Con Edison continues to strongly support the communities it serves, providing over
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Source: Consolidated Edison, Inc.
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