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Consolidated Edison - Slow And Steady Growth While Bringing Stability To Your Portfolio

Consolidated Edison serves 3.4M customers in the New York City area.

ConEd is a Dividend Champion having raised dividends for 41 consecutive years; a starting yield of 3.91% and a 5-year dividend CAGR of 1.3% brings Chowder Rule to 5.21.

In a slow and steady growth sector, ConEd is stable and is planning to grow by investing heavily in the electric and gas infrastructure investments in the next two years.

Consolidated Edison Inc. (NYSE:ED) is a regulated electric, gas and steam utility delivery company serving New York City and Westchester County. The company serves 3.4M customers and is an iconic dividend growing company loved for its long track record of not only paying dividends - which it has paid since 1885 - but has raised those dividends for 41 consecutive years.

The company operates in three segments: Consolidated Edison Company of New York (CECONY), Orange & Rockland Utility Company (O&R) and Competitive Energy Business.

Corporate Profile (from Yahoo Finance)

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to approximately 1,700 customers in parts of Manhattan. The company owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 705 megawatts that run with gas and fuel oil; 4,330 miles of mains and 369,339 service lines for natural gas distribution; and 1 steam-electric generating station and 5 steam-only generating stations. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and in adjacent areas of northern New Jersey and northeastern Pennsylvania; and gas to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. The company operates 572 circuit miles of transmission lines; 14 transmission substations; 62 distribution substations; 86,379 in-service line transformers; 3,991 pole miles of overhead distribution lines; and 1,869 miles of underground distribution lines, as well as 1,867 miles of mains and 105,077 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers; and provision of energy-related products and services to wholesale and retail customers. Further, the company develops, owns, and operates renewable and energy infrastructure projects, as well as invests in transmission companies. It primarily sells electricity to industrial...


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