| Business Summary | | Consolidated
Edison,
Inc.
is
the
holding
company
for
Consolidated
Edison
Company
of
New
York,
Inc.
(Con
Edison
of
New
York)
and
Orange
and
Rockland
Utilities,
Inc.
(O&R).
Con
Edison
of
New
York
provides
electric
service
in
all
of
New
York
City
(except
part
of
Queens)
and
most
of
Westchester
County,
an
approximately
660
square
mile
service
area
with
a
population
of
more
than
8
million.
It
also
provides
gas
service
in
Manhattan,
The
Bronx
and
parts
of
Queens
and
Westchester,
and
steam
service
in
part
of
Manhattan.
O&R
and
its
utility
subsidiaries
provide
electric
service
in
southeastern
New
York
and
in
adjacent
sections
of
New
Jersey
and
northeastern
Pennsylvania,
an
approximately
1,350
square
mile
service
area.
They
also
provide
gas
service
in
southeastern
New
York
and
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Consolidated
Edison,
Inc.
provides
a
wide
range
of
energy-related
products
and
services
to
customers
in
in
New
York,
northern
New
Jersey
and
northeastern
Pennsylvania.
For
the
six
months
ended
6/30/01,
revenues
increased
15%
to
$5
billion.
Net
income
applicable
to
Common
increased
9%
to
$279.8
million.
Revenues
reflect
increased
electricity
sales
volume.
Net
income
was
offset
by
increased
purchased
power
expenses
and
lower
investment
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,112,215;
after
tax
earnings
were
104,074. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Eugene McGrath, 59 Chairman,
Pres, CEO | $8.3M | Joan Freilich, 59 CFO,
Exec. VP, Director | 2.2M | Stephen Bram, 58 Pres
of Orange and Rockland Utilities, Inc. | -- | Kevin Burke, 50 Pres
and COO of Consolidated Edison Co. of New York Inc. | 2.1M | John McMahon, 49 Sr.
VP, Gen. Counsel | 2.1M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|