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Con Edison Statement on Governor Kathy Hochul’s 2023 State of the State Address

Con Edison applauds Governor Hochul’s focus on delivering New York’s clean energy vision while addressing the potential cost impact for New Yorkers, particularly on the most economically vulnerable customers.

The policies and programs announced in the governor’s State of the State address will help many of our customers electrify their heating systems and improve the energy efficiency of their homes, insulating them from fossil fuel price volatility and building on the state’s transition toward renewable power.

We thank the governor for emphasizing the need to support electric vehicle charging infrastructure for medium- and heavy-duty trucks, which disproportionately impact disadvantaged communities in our service area.

Further, we believe the governor’s proposal for a well-designed Cap-and-Invest program would provide many economic and environmental benefits across the state, and further enhance New York’s reputation as a clean energy leader.

We look forward to engaging constructively with all stakeholders as further details emerge from the governor’s proposals. New York is in the early innings of its historic clean energy transformation, and Con Edison shares the governor’s optimism regarding the enormous opportunities and benefits this transition will deliver to our state.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $14 billion in annual revenues and $66 billion in assets. The utility delivers electricity, natural gas and steam, and serves 3.5 million customers in New York City and Westchester County, N.Y. Through Consolidated Edison Inc.’s subsidiary, Con Edison Clean Energy Businesses, the company is the second-largest owner of solar electric projects in North America.