New York-based Consolidated Edison, Inc. (ED), founded in 1823, is a leading provider of regulated electric, gas, and steam services in New York City and Westchester County. Serving millions of electricity customers and over a million gas customers, along with providing steam services in parts of Manhattan, Consolidated Edison invests in transmission projects to enhance energy delivery. With a market cap of $30.9 billion, the company's operations extend to southeastern New York and northern New Jersey, delivering energy solutions to industrial, commercial, residential, and government sectors.
Companies worth $10 billion or more are generally described as “large-cap stocks,” Consolidated Edison fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the utility sector. With its 200-year-old reputation for providing such services, Consolidated Edison has established a strong foothold in the industry.
