Con Edison in deal to boost natgas flows to New York on Iroquois pipe [Reuters]
Consolidated Edison, Inc. (ED)
Last consolidated edison, inc. earnings: 2/20 04:55 pm
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Source: Reuters
Con Edison in deal to boost natgas flows to New York on Iroquois pipe May 9 (Reuters) - Consolidated Edison Inc said Thursday it reached an agreement with an existing pipeline to increase the amount of natural gas the pipe can deliver to Con Edison’s service area in New York City’s Bronx, Manhattan and Queens boroughs: * Con Edison said demand for gas in its New York City territory has grown significantly in recent years as it converts heating systems from oil to gas, among other things. * But New York state has not allowed construction of enough new pipelines to meet that growing demand, utilities have said, forcing companies like Con Edison to seek other ways to keep gas flowing to new and existing customers. * Under the agreement announced on Thursday, Con Edison said Iroquois Gas Transmission System LP will deliver more gas to New York City by upgrading its compression facilities by November 2023. * That is similar to a deal Con Edison announced in April with Kinder Morgan Inc, in
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News
- Consolidated Edison, Inc. (NYSE: ED) had its price target lowered by analysts at Scotiabank from $91.00 to $85.00. They now have a "sector underperform" rating on the stock.MarketBeat
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- Con Edison to Report 1st Quarter 2024 Earnings on May 2PR Newswire
ED
Earnings
- 2/15/24 - Beat
ED
Sec Filings
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- 4/5/24 - Form 3
- ED's page on the SEC website