NEW YORK, April 14, 2021 /PRNewswire/ -- Con Edison
today was named a leader among U.S. energy companies for its
actions to create a clean, carbon-free energy system.
The Smart Electric Power Alliance – or SEPA - said Con Edison
earned a listing on its 2021 Utility Transformation
SEPA, a nonprofit organization that envisions a carbon-free
electric system by 2050, ranked Con Edison high for a wide range of
actions, including its electric vehicles strategy, its work to
connect customers who install solar panels and other clean-energy
resources, and its smart meter program.
The organization gave the company high marks for linking
executive compensation to sustainability, setting aggressive carbon
reduction goals, innovating, and embracing emerging
"It's humbling because so many energy companies across the
country are applying their people's talents and dedication to
innovate and lead the transition to a clean energy future,"
Tim Cawley, the CEO of Con Edison
Inc., said in accepting the award. "It's a source of pride because
it acknowledges Con Edison's progress in following through on our
Clean Energy Commitment. We support New
York's aggressive environmental goals and we're doing our
part to help achieve them." (See Cawley's full remarks.)
"Con Edison stands out due to its comprehensive efforts to
transition to a carbon-free energy future, and most importantly,
its results," said SEPA President and CEO Julia Hamm. "The transformation to a clean and
modern energy system involves much more than clean energy
generation; it will require changes to almost every part of a
utility's business. We applaud Con Edison for its progress, and
recognize that much work remains. The world does not have the
luxury of time on carbon reduction."
Con Edison is seeking to lead the transition to a clean energy
future and considers the environment in every decision it makes.
Cawley said Con Edison "is partnering with our customers on this
Indeed, Con Edison customers have completed 37,000 rooftop
projects with the capacity to produce 334 megawatts of clean,
The company is working with the New York City Housing Authority,
Solar One and other partners to place panels on three NYCHA
developments. The project employs 12 apprentice installers who are
NYCHA residents. The panels will provide discounted power to 400
low- and moderate-income subscribers.
The addition of renewables to New York
State's energy portfolio will require new transmission lines
and energy storage systems. That renewable power will include 9,000
megawatts of offshore wind.
Con Edison is investing in transmission and storage. The company
is working with a partner, 174 Power Global, to place a mammoth
100-megwattt battery system at the site of a former fossil fuel
plant near the East River in Astoria, Queens.
The company has robust energy efficiency programs that pay
customers to make energy-saving upgrades to their lighting, HVAC,
and other equipment. Con Edison is seeking to triple its energy
efficiency programs by 2025.
Con Edison supports electric vehicle adoption, believing that
EVs will play a key role in a clean energy future. Through its
PowerReady program, the company is connecting thousands of new
public and customer-owned charging stations. PowerReady provides
incentives to offset the electric infrastructure costs of
The company recently announced that in 2022 it will take
delivery of the first all-electric utility bucket truck. Bucket
trucks lift workers so that they can work on overhead electric
lines, transformers and other equipment.
Through its Clean Energy Commitment, Con Edison wants to offer
100 percent clean electricity to customers by 2040.
The company has also cut its own carbon emissions by 50 percent
SEPA based its rankings on responses to a survey. More than 130
companies serving 83 million utility customers responded and 10
achieved listing on the Leaderboard.
Con Edison is a subsidiary of Consolidated Edison, Inc.
[NYSE: ED], one of the nation's largest investor-owned energy
companies, with approximately $12
billion in annual revenues and $63
billion in assets. The utility delivers electricity, natural
gas and steam, and serves 3.5 million customers in New York City and Westchester County. Through Consolidated
Edison Inc.'s subsidiary, Con Edison Clean Energy Businesses, the
company is the second-largest solar developer in the United States and the seventh-largest
worldwide. For financial, operations and customer service
information, visit conEd.com. For energy efficiency information,
visit coned.com/energyefficiency. Also, visit us on
Twitter and Facebook.
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SOURCE Con Edison of New