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via finance.yahoo.comBusiness & Companies

Consolidated Edison Outlines $38 Billion Grid Modernization and Electrification Investment Plan

FROM THE WIRE · FINANCE.YAHOO.COM

Consolidated Edison recently outlined a five-year plan to invest US$38.00 billion in electrification, grid modernization, reliability upgrades, and climate resilience across its New York service territory. A key feature of this plan is the expectation that electric-capacity…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFive-year grid modernization and electrification investment plan supports Con Edison's regulated earnings growth.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated Edison outlined a five-year $38 billion investment plan in electrification and grid modernization.
  2. 02Electric-capacity requests are expected to run about 20% above historical levels.
  3. 03The plan supports regulated earnings growth under approved rate frameworks.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Consolidated Edison, Inc.EDStock104.65 USDMarket closedtoday -0.45%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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