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August 25, 2024

Consolidated Edison (Con Ed)

NYISO
NYISO Business Issues Committee Briefs: July 11, 2018
The NYISO Business Issues Committee voted in favor of changing how the ISO reports on historic transmission congestion.
PJM
PSE&G on the Hook for Bergen-Linden Costs
FERC denied a complaint from the New Jersey BPU to reallocate the Bergen-Linden Corridor project’s costs, leaving PSEG to pay for most of it.
Con Ed Braces for Possible Regulatory Storms
Consolidated Edison’s (Con Ed) Q1 2018 earnings jumped more than 10% on an increased rate base and a weather-related boost in steam revenues.
NYPSC OKs Con Ed EV Charging Program, REV Initiatives
The New York Public Service Commission approved a seven-year tariff for the Consolidated Edison (Con Ed) electric vehicle (EV) quick-charging station program and other REV initiatives.
Joseph Jingoli & Son
NJ-NYC Merchant Line OK’d for ‘Anchor Customers’
FERC last week granted approval for Linden VFT to contract potentially all of its transmission capacity through long-term "anchor customers."
ConEd
Con Edison Q4 Earnings Up 144%
Consolidated Edison fourth-quarter net income increased 144% to $505 million ($1.63/share) from $207 million ($0.68/share) in 2016.
FERC
FERC Briefs: DR Down in RTOs; Con Ed DER Recovery OK’d
Consolidated Edison won FERC approval to recover its payments to distributed energy resources customers.
Joseph Jingoli & Son
NJ Merchant Tx Operators Win Relief on Upgrade Costs
PJM must amend interconnection service agreements to allow two merchant transmission facilities to convert from firm to non-firm service, FERC ruled.
NYPSC Acts on CCAs, Demand Reduction
The New York Public Service Commission (NY PSC) OK'ed rules to implement community choice aggregation and a pilot program to shrink air conditioning loads.
Con Edison Q3 Earnings Fall 8%
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.

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