Business Model Of Con Edison - 1490 Words

Consolidated Edison is one of the largest investor-owned energy companies in United States with over $120 billion in annual revenues and $40 billion in assets. The firm is located in New York and focuses their operations in electric, gas and steam activities. It is estimated that the company provides electricity to approximately 3.3 million costumers and offers gas services to other 1.1 million costumers in New York City and Winchester County. The business model of Con Edison, Inc is divided into three main areas. Con Edison Solutions sells electricity and offers energy-related services directly to costumers in the Northeast and Mid-Atlantic regions. Con Edison Development develops, constructs, owns and operates renewable energy projects across the U.S. At the end of 2014, the firm had 446 MW of solar and wind projects in operation. Lastly, the third area of Consolidated Edison provides support to the main area of business. Con Edison Energy focuses on generating electric energy, fu el and capacity for Con Edison Solutions. According to the firm’s website, â€Å"Con Edison’s strategy is to deliver reliable energy services and provide a stable foundation for supporting New York’s economy.† The company believes that their Integrated Long Range Plan along with their Sustainability Strategy will work together to add value to the stakeholders. John McAvoy, chairman and CEO of Consolidated Edison, Inc shares the view that the energy landscape is changing and Con Edison is committed inShow MoreRelatedAnalysis of Con Edison by Using Michael Porter`S Five Forces Model1154 Words   |  5 PagesCOLLEGE ECONOMIC ANALYSIS FOR MANAGERS ANALYSIS OF CON EDISON BY USING MICHAEL PORTER`S FIVE FORCES MODEL INSTRUCTOR: MINE AYSEN DOYRAN STUDENT: Recep Maz What makes electric utilities (Con Edison) monopolistic and why? 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