Consolidated Edison

Consolidated Edison, Inc. (NYSE: ED), also referred to as ConEdison or ConEd, is one of the largest investor-owned energy companies in the United States. Con Edison's principal business segments are Consolidated Edison Company of New York's regulated electric, gas and steam utility activities, Orange & Rockland Utilities' (O&R) regulated electric and gas utility activities, and Con Edison's "competitive energy businesses," which "include the operation of electric generation facilities, trading of electricity and fuel, sales of electricity to wholesale and retail customers, and sales of certain energy-related goods and services."

Ties to the American Legislative Exchange Council
Consolidated Edison, Inc. has been a corporate funder of the American Legislative Exchange Council (ALEC). It became a corporate member of ALEC in 1979. See ALEC Corporations for more.

Negative tax rate
A 2011 analysis by Citizens for Tax Justice and the Institute on Taxation and Economic Policy, "Corporate Taxpayers & Corporate Tax Dodgers: 2008-10" found dozens of companies, including fossil fuels, used tax breaks and various tax dodging methods to have a negative tax balance between 2008 and 2010, while making billions in profits. The study found 32 companies in the fossil-fuel industry -- such as Peabody Energy, ConEd, and PG&E -- transformed a tax responsibility of $17.3 billion on $49.4 billion in pretax profits into a tax benefit of $6.5 billion, for a net gain of $24 billion.

The companies that paid no tax for at least one year between 2008 and 2010 are the utilities Ameren, American Electric Power, CenterPoint Energy, CMS Energy, Consolidated Edison, DTE Energy, Duke Energy, Entergy, FirstEnergy, Integrys, NextEra Energy, NiSource, Pepco, PG&E, PPL, Progress Energy, Sempra Energy, Wisconsin Energy and Xcel Energy.

In December 2011, the non-partisan organization Public Campaign released a report criticizing ConEd for spending $1.8 million on lobbying and not paying any taxes during 2008-2010, instead getting $127 million in tax rebates, despite making a profit of $4.2 billion, and increasing executive pay by 82% to $17.4 million in 2010 for its top 5 executives.

Lobbying
From 2008 to 2010, ConEd spent $1.8 million in lobbying.

Corporate leadership

 * Kevin Burke, Chairman and Chief Executive Officer
 * Craig S. Ivey, President
 * Robert Hoglund, Senior Vice President and Chief Financial Officer
 * Carole Sobin, Secretary
 * Robert Muccilo, Vice President, Controller and Chief Accounting Officer
 * Scott L. Sanders, Vice President and Treasurer
 * Elizabeth D. Moore, General Counsel

Board
Accessed June 2013:
 * Kevin Burke
 * Vincent A. Calarco
 * George Campbell, Jr.
 * Gordon J. Davis
 * Michael J. Del Giudice
 * Ellen V. Futter
 * John F. Hennessy III
 * John F. Killian
 * Eugene R. McGrath
 * Sally H. Pi'ero
 * Michael W. Ranger
 * L. Frederick Sutherland

Contact
Web: http://www.conedison.com

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