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MarketScreener Homepage  >  Equities  >  Nyse  >  Consolidated Edison, Inc.    ED

CONSOLIDATED EDISON, INC.

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Consolidated Edison : Con Edison Weather Stations to Gather Climate Data

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09/09/2020 | 02:57pm EDT

By Stephen Nakrosis

New York utility Con Edison said Wednesday it would work with the State University of New York at Albany to gather data on the local climate and help guide how it invests to help protect its energy-delivery systems from severe weather events.

The utility said its "New York City Micronet" project will see 17 weather-monitoring stations placed on its properties, with data from the sites sent to the NYS Mesonet infrastructure at the university. Con Edison also said the data will be available to the public.

Con Edison will place six monitoring stations on the roofs of its buildings, with 11 located at ground level.

Con Edison will invest $3 million in the project, which includes a $1.6 million contract with the university.

"Climate change makes smart infrastructure planning and design essential," said Charles Viemeister, Con Edison's project manager. "We'll use data from the Micronet to gain additional insight into the local short-term and longer-term impacts of climate change."

The stations are expected to be up by the end of the year, the company said.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
CONSOLIDATED EDISON, INC. -1.60% 78.49 Delayed Quote.-13.24%
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Financials (USD)
Sales 2020 12 848 M - -
Net income 2020 1 339 M - -
Net Debt 2020 22 208 M - -
P/E ratio 2020 19,4x
Yield 2020 3,90%
Capitalization 26 683 M 26 683 M -
EV / Sales 2020 3,81x
EV / Sales 2021 3,75x
Nbr of Employees 14 890
Free-Float 93,4%
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Technical analysis trends CONSOLIDATED EDISON, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 77,94 $
Last Close Price 78,49 $
Spread / Highest target 5,75%
Spread / Average Target -0,70%
Spread / Lowest Target -8,27%
EPS Revisions
Managers
NameTitle
John J. McAvoy Executive Chairman, President & CEO
Robert N. Hoglund Chief Financial Officer & Senior Vice President
Ellen Victoria Futter Director
George Campbell Independent Director
L. Frederick Sutherland Independent Director
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