Consolidated Edison on Thursday reported 2021 net income of $1.35 billion ($3.86/share), up 22.3% compared with $1.1 billion ($3.29/share) the previous year.

Con Edison must resolve several regulatory concerns before being authorized to build a new substation in New York City dedicated to interconnecting offshore wind projects.

Con Ed reported to the New York PSC that its demand response programs increased slightly in megawatt value last year but dramatically in enrollment.

Con Ed has submitted a proposal for a 2.4-GW transmission “backbone” to the New Jersey BPU to bring offshore wind-generated electricity to the PJM grid.

Con Ed reported third-quarter net income of $538 million ($1.52/share), up 9.1% compared with $493 million ($1.47/share) in the same period a year ago.

NYPSC fined Con Edison $82 million over operating “imprudence” and emergency response violations, including for its response to Tropical Storm Isaias.

Labor unions, environmentalists and state residents told federal officials they largely support the 2-GW Empire Wind project in the New York Bight.

New York regulators opened an investigation into an alleged bribery scheme involving National Grid’s natural gas distribution company facilities.

Con Edison is staking its future on clean, emissions-free energy, going “all-in” on electric vehicles, energy efficiency and storage, CEO Tim Cawley said.

Successful development of low-carbon fuels could avoid stranding natural gas customers and infrastructure, a Con Ed official told the EBA.