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0.000171320884015768 -0.000399748729370071 -0.000399748729370071 0.000742390497401607 0.00085660442007884 -0.00131346011078761 -0.00279824110559082 -0.00359773856433097
Stock impact report

Con Edison Seeks Non-Pipes Solutions to Meet Growing Natural Gas Demand

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, Dec. 18, 2017 (GLOBE NEWSWIRE) -- To help offset the need for new natural gas pipelines to meet growing energy needs in its service area, Con Edison today issued a Request for Proposals (RFP) to secure alternative solutions consistent with New York City’s and New York State’s environmental goals. Con Edison said it was considering investing at least $100 million annually in a bid to avoid construction of a major new gas pipeline. The investments would focus on demand reduction measures and local gas supply enhancements. Demand reduction measures may include energy efficiency, demand response and environmentally-beneficial electrification of space and water heating. Local gas supply enhancement may include biogas technology and natural gas storage. Peak demand for natural gas in Con Edison’s service areas has grown 30 percent since 2011, and the company expects that demand to grow another 20 percent over the next 20 years. The company serves approximately 1.1 million natu Show less Read more
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