Consolidated Edison reports Q1 EPS $2.15, consensus $1.88

“We are off to a strong start in 2024 in our efforts to transition to clean energy while maintaining the world-class reliability that our unique service area needs and our customers deserve,” said CEO Tim Cawley. “We gained state approval for our Reliable Clean City – Idlewild Project, a $1.2B investment in two new substations in southeast Queens to meet the growing need for power as buildings become electrified, more electric vehicles take to the road and John F. Kennedy International Airport undergoes redevelopment. The dedication of our dynamic workforce makes me more optimistic than ever about the future of our company and the Greater New York area.” “Our Q1 financial results reflect the solid rate base growth that we project at our utilities through 2028, as we invest to protect our equipment from climate change and build an electric grid capable of delivering 100 percent clean energy,” said CEO Robert Hoglund. “Our strategy of investing in our energy delivery systems and our 50 straight years of increasing our dividend make Con Edison an attractive investment and give us confidence that we will continue providing strong, stable earnings and returns for our investors.”