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0:00 / 0:00I. Business Overview and Strategy
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CONSOLIDATED EDISON INC's Net Income Jumps 51% to $2.5 Billion

ED10-KFiling Date: 2/15/2024
Consolidated Edison Inc
Description

What this story covers

Con Edison's 2023 net income surged 51 percent to 2 point 5 billion dollars, driven by rate increases and strategic divestment of clean energy businesses. They're investing heavily (27 point 7 billion dollars by 2028) in grid modernization and clean energy, facing regulatory audits, and managing substantial aged receivables.

Story snapshot

CompanyConsolidated Edison Inc
TickerED
VariantStandard detailed
Duration29:51
Filing type10-K
PeriodAnnual 2023
IndustryUtilities
Accession0001047862-24-000012

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