35-466: The New York City steam system includes Con Edison's Steam Operations, which provides steam to large parts of Manhattan . Other smaller systems provide steam to New York University and Columbia University , and many individual buildings in New York City also have their own steam systems. The steam is used to heat and cool buildings and for cleaning and disinfecting. It is the largest such system in
70-533: A 1-square-mile (2.6 km ) area in lower Manhattan. After the " war of currents ", more than 30 companies were generating and distributing electricity in New York City and Westchester County. But by 1920 there were far fewer, and Consolidated Gas's electricity arm, now called the New York Edison Company, was the leader. In 1936, with electric sales far outstripping gas sales, the company incorporated and
105-726: A Deal , and later into a recording studio called "Power Station" because of its Edison history. In 1996, the studio was renamed Avatar Studios and then in 2017 back to "Power Station". In 1978, Con Edison sold the Excelsior Power Company Building , a former substation on Gold Street in Manhattan's Financial District . It was renovated into an apartment building, and became a New York City designated landmark in 2016. Investor-owned utility Investor-owned utilities ( IOUs ) are private enterprises acting as public utilities . This business-related article
140-569: A dozen companies between 1936 and 1960. Con Edison today is the result of acquisitions , dissolutions , and mergers of more than 170 individual electric , gas , and steam companies. Consolidated Edison acquired land on the Hudson River in Buchanan, NY, in 1954 for the Indian Point nuclear power plant. The first reactor (Indian Point 1) began generating power on September 16, 1962. The reactor
175-570: A population of nearly 9 million. Also in 1998, Consolidated Edison, Inc. acquired Orange & Rockland Utilities, which is operated separately. Con Edison had invested $ 3 billion in solar and wind projects. In September 2017 it was announced that the company would invest $ 1.25 billion in "renewable energy production facilities over the next three years." The company's "renewable portfolio" contained more than 1.5 gigawatts of operating capacity. Seventy-five percent of that capacity came from solar energy. Clean energy accounted for around eight percent of
210-498: A profit of $ 4.2 billion, and increasing executive pay by 82% to $ 17.4 million in 2010 for its top five executives. ● In 2014, Con Edison was named the #1 utility and #16 overall among corporations, in Newsweek ' s Green Rankings, and one of the 50 best companies for Latinas by Latina Style Magazine . In its "Best of the Best" issue in 2015, Hispanic Network Magazine named the company
245-546: A reported nonfunctioning or malfunctioning street light, traffic light or pedestrian Walk/Don't Walk light because of a failure in the power to the affected unit, a stop tag is assigned by Con Ed . When a caller to NYC's 311 asks for followup information about a reported outage, they're told the stop tag number, and told to call Con Ed at 800-752-6633 (800-75-CON-ED). The New York Times wrote that it can take over two years for some repairs. Sometimes an entire fixture must be removed, repaired, then returned. Other times
280-489: A top employer among energy, gas, and oil companies. Con Edison was also selected as one of the top regional utilities by DiversityInc magazine in 2014. In 2016, the company was listed among America's best large employers by Forbes . ● In February 2021, The Energy and Policy Institute criticized Con Edison for touting clean energy while investing in Gas Infrastructure. This is unclean fracked gas. (Fracked gas
315-584: A wide range of energy-related products and services to its customers through two regulated utility subsidiaries and three competitive energy businesses. Under several corporate names, the company has been traded on the NYSE without interruption since 1824—longer than any other NYSE stock. Its largest subsidiary, Consolidated Edison Company of New York, Inc., provides electric, gas, and steam service to more than 3 million customers in New York City and Westchester County, New York, an area of 660 square miles (1,700 km ) with
350-459: Is methane gas produced by hydraulic fracturing .) The article explained, "A recent analysis of utility executive compensation by the Energy and Policy Institute found that Con Edison’s executive compensation policies include renewable energy growth as components of broader goals, but do not reward executives for reducing greenhouse gas emissions. When a New York City contractor is unable to repair
385-453: Is promoting the use of steam for cooling in the summer months, something that can be accomplished with the installation of absorption chillers . Such trigeneration systems reduce peak electrical loads and save construction costs associated with expanding electrical infrastructure. Clouds of condensation are vented from manholes in Manhattan through orange and white "chimneys". This can be caused by external water being boiled by contact with
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#1732855378780420-638: Is via a series of transmission lines owned by the New York Power Authority and neighboring utilities; a more direct connection via the Champlain Hudson Power Express HVDC line is expected to come online in 2025. Con Edison is also interconnected with PSE&G via the Branchburg-Ramapo 500 kV line. Con Ed's distribution voltages are 33 kV, 27 kV, 13 kV, and 4 kV. The 93,000 miles (150,000 km) of underground cable in
455-521: The Intrepid Sea, Air & Space Museum . ConEd Solutions is a member of Real Estate Board of New York . On January 14, 2009, eleven Con Edison supervisors were arrested for demanding more than $ 1 million in kickbacks related to work done by a construction company that was repairing the Midtown steam pipe eruption of 2007. According to federal prosecutors, the employees had approved payment for work that
490-583: The New York City steam system , which is the biggest district steam system in the world. Steam traveling through the system is used to heat and cool some of New York's most famous addresses, including the United Nations complex , the Empire State Building , and the Metropolitan Museum of Art . The Smart Meter Project was awarded to Aclara Smart Grid Solutions (electric) and the majority of
525-801: The Bronx, Manhattan, and parts of Queens. Gas service in Brooklyn, Staten Island, and the rest of Queens is provided by National Grid USA 's New York City operations, except the Rockaway peninsula, which is serviced by National Grid's Long Island operations. The average volume of gas that travels through Con Edison's gas system annually could fill the Empire State Building nearly 6,100 times. Con Edison produces 30 billion pounds of steam each year through its seven power plants which boil water to 1,000 °F (538 °C) before distributing it to hundreds of buildings in
560-509: The Con Edison system could wrap around the Earth 3.6 times. Nearly 36,000 miles (58,000 km) of overhead electric wires complement the underground system—enough cable to stretch between New York and Los Angeles 13 times. The Con Edison gas system has nearly 7,200 miles (11,600 km) of pipes—if laid end to end, long enough to reach Paris and back to New York City, and serves Westchester County,
595-460: The ConEd steam system's installed capacity and 50% of the annual steam generated comes from cogeneration . Cogeneration and Heat Recovery Steam Generation (HRSG) significantly increase the fuel efficiency of cogenerated electricity and thereby reduce the emission of pollutants , such as NOx , sulfur dioxide , carbon dioxide , and particulate matter, as well as the city's carbon footprint . Con Edison
630-650: The New York Gas Light Company, was founded by a consortium of New York City investors. A year later, it was listed on the New York Stock Exchange (NYSE). Due to the Board of Aldermen's authority to grant franchises in the City of New York in the early to mid-19th century, interaction with Tammany Hall was required to expand the business. By William M. Tweed 's reign in the late 1860s as the boss of Tammany Hall,
665-407: The air to a safe level. A previous incident was the 2007 New York City steam explosion , and another on June 28, 1996, at a plant on East 74th Street. A person was also killed by steam in the underground system in 2002. Download coordinates as: There are six plants: Con Edison Consolidated Edison, Inc. , commonly known as Con Edison (stylized as conEdison ) or ConEd , is one of
700-448: The company as one of "America's Most Admired Companies" in the publication's newest corporate ranking survey. In 2003, Con Edison ranked second on the top ten list for electric and gas utilities. ● In December 2011, the non-partisan organization Public Campaign released a report criticizing ConEd for spending $ 1.8 million on lobbying and not paying any taxes during 2008–2010, instead getting $ 127 million in tax rebates, despite making
735-892: The company's earnings, as of fall 2017. Con Edison sold its clean energy business to RWE in 2023. To support electric vehicles, Con Edison partnered with the company FleetCarma to provide $ 500 in rewards to owners of electric vehicles in New York City and Westchester County, New York. Through this program, Con Edison pays customers to charge their vehicles when energy demand is low. The Con Edison electrical transmission system utilizes voltages of 138 kilovolts (kV), 345 kV, and 500 kV. The company has two 345 kV interconnections with upstate New York that enable it to import power from Hydro-Québec in Canada and one 345 kV interconnection each with Public Service Electric and Gas (PSE&G) in New Jersey and Long Island. Con Edison's connection with Hydro-Québec
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#1732855378780770-618: The largest investor-owned energy companies in the United States, with approximately $ 12 billion in annual revenues as of 2017, and over $ 62 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: In 2015, electric revenues accounted for 70.35% of consolidated sales (70.55% in 2014); gas revenues 13.61% (14.96% in 2014); steam revenues 5.01% (4.86% in 2014); and non-utility revenues of 11.02% (9.63% in 2014). In March 1823, Con Edison's earliest corporate predecessor,
805-461: The largest commercial steam system in the world (larger than the next nine combined). The organization within Con Edison responsible for the system's operation, known as Steam Operations , provides steam service to over 1,700 commercial and residential customers in Manhattan from Battery Park to 96th Street uptown on the west side, and 89th Street on the east side of Manhattan. Roughly 27 billion pounds (12,000,000 t) of steam flow through
840-471: The last power plant it owned, Consolidated Edison, Inc. became primarily an energy distributor. On January 1, 1998, following the deregulation of the utility industry in New York State, a holding company, Consolidated Edison, Inc., was formed. It is one of the nation's largest investor-owned energy companies, with approximately $ 13 billion in annual revenues and $ 47 billion in assets. The company provides
875-497: The name was changed to Consolidated Edison Company of New York, Inc. The New York Steam Company began providing service in Lower Manhattan in 1882. Con Edison bought it in 1954, and now operates the largest commercial steam system in the world, providing steam service to nearly 1,600 commercial and residential establishments in Manhattan from Battery Park to 96th Street. Consolidated Edison acquired or merged with more than
910-482: The outside of a steam pipe. The vapor is often vented out through 10-foot (3.0 m) orange-and-white funnels in the street, known as stacks. Over the years, the stacks have been depicted in numerous TV shows and films. Steam provides heat and cooling to many buildings in New York. The steam system also provides humidity to art museums, steam cleaning for restaurants to clean dishes, and other uses. Approximately 30% of
945-738: The power to authorize franchises lay with the County Board of Supervisors, of which Tweed had been a member. By 1871, Tweed was a member of the board of the Harlem Gas Light Company, a precursor to the Consolidated Edison Company. In 1884, six gas companies combined into the Consolidated Gas Company. In 1901, the Consolidated Gas Company bought Edison Illuminating Company , which had been founded by Thomas Edison in 1880, first supplying electricity to 59 customers in
980-976: The rollout was completed in 2022 with several thousand meters still needing to be changed in 2023 due to customer access issues. ConEd utilized Aclara's metering products for field installation. Over five million electric and gas meters were replaced in this project. Lime green-colored seals were used on electric meters to indicate that the meter was changed by a contractor. ConEd offers a variety of programs and resources for its customers and stakeholders, organized in such categories as, "For Renters", "For Residential Owners", "For Small & Medium Businesses", "For Commercial & Industrial", "Business Partners", "Investors", "Community Affairs", and "Municipalities". Examples of such resources include: Con Edison contributes substantial funding and volunteer hours to many non-profit organizations and learning centers including New York Botanical Garden , Hudson Valley Groundworks Science Barge , Teatown Reservation , Jay Heritage Center , and
1015-475: The steam pipes or by leaks in the steam system itself. At least twelve steam pipe explosions have occurred in New York City since 1987. The most recent major incident was the 2018 steam pipe explosion which occurred in the Flatiron District and forced the evacuation of 49 buildings. The explosion released concrete, asphalt, " asbestos -containing material" and mud into the air. The asbestos was cleaned out of
1050-432: The streets must be torn up to replace underground wiring. Temporary fixes, using what was described as "nothing more than overhead extension cords" (called "Shunts") at times are left in place for an extended period. In 2017 Con Ed committed to repair "at least 90% ... within 90 days." A former Con Edison building on West 53rd Street in Manhattan was converted first into the studio for the television game show Let's Make
1085-479: The system every year. The steam is produced at four plants in Manhattan and one each in Brooklyn and Queens; the primary plant is between 14th and 15th streets on Manhattan's east side. These plants boil water from the New York City water supply system , making Con Edison one of the largest users of the municipal water supply system. Steam vapor can be caused by a leak in Con Ed's steam system or by cooler water contacting
New York City steam system - Misplaced Pages Continue
1120-562: The world and has been in operation since 1882. Con Edison's Steam Operations is a district heating system which carries steam from generating stations under the streets to heat and cool buildings and businesses in Manhattan . Some New York City businesses and facilities also use steam for cleaning and disinfection. The New York Steam Company began providing service in lower Manhattan on March 3, 1882. The company merged with Consolidated Edison on March 8, 1954. Today, Con Edison operates
1155-448: Was arrested and later admitted to taking bribes that the utility company claimed amounted to $ 10,000. In April 2016, Con Edison agreed to pay over $ 171 million, about 1.5% of its annual revenue, back to its customers in compensation for harm resulting from the bribery. The Public Service Commission had found that Con Edison failed to supervise the employees. Con Edison admitted no wrongdoing. ● In March 2002, Fortune magazine named
1190-520: Was shut down on October 31, 1974, because the emergency core cooling system did not meet regulatory requirements. The company built two more reactors at Indian Point during the 1970s: Indian Point 2 and 3. Indian Point 3 was sold to the New York Power Authority in 1975. Entergy acquired Indian Point 2 in November 2000, nine months after a steam generator leak. With the sale of Indian Point 2,
1225-416: Was unnecessary or not performed and promised faster payment for some work performed by the construction company in exchange for the bribes . The FBI had two retired Con Edison employees and the president of the construction company wear recording devices that recorded the suspects demanding bribes of between $ 1000 and $ 5000. Later that year Con Edison sued Brendan Maher, one of the construction supervisors who
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