Consolidated Edison Inc.
About
Consolidated Edison Inc. is one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $41 billion in assets.
Editor's note: Updated June 29, 2020.
Transactions
Kinder Morgan to Buy Stagecoach Gas Services for $1.23 Billion
Kinder Morgan to Buy Stagecoach Gas Services for $1.23 Billion
Crestwood Forms Pipeline, Storage JV With Consolidated Edison
Crestwood Forms Pipeline, Storage JV With Consolidated Edison
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News
US Electrical Grids Come Under Pressure as Heat Wave Drives Up Power Demand
Several thousand customers of Con Edison, a major investor-owned electric utility in New York, were without electricity due to sweltering temperatures.
Court OKs MVP Southgate Permit Extension—Despite Opposition
A group of environmental petitioners had asked for a review of the Southgate project to extend the Mountain Valley Pipeline.
FERC Approves Three-year Extension for MVP Southgate Project
The ‘next leg’ of Mountain Valley Pipeline would lengthen the long-delayed Mountain Valley Pipeline into North Carolina
Mountain Valley Pipeline Sues Protesters for Obstructing Construction
Developer Mountain Valley Pipeline LLC said protesters attached themselves to construction equipment.
Mountain Valley Asks US Supreme Court to Vacate Stays Halting Pipeline
Mountain Valley said the appellate court lacked authority to stay the construction because the debt deal approved by Congress said the pipeline was in the national interest and "expressly stripped all courts" of jurisdiction to review decisions by federal agencies over its approval.
Equitrans Sees Mountain Valley Natgas Pipeline Entering Service Next Summer
When Mountain Valley construction started in February 2018, Equitrans estimated the 303-mile (488-km), 2.0 billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018.
Projects Progress, Despite Headwinds
Navigating the obstacle course of government entities and economic struggles is a challenge, but the midstream sector has chalked up some wins to go with a few setbacks.
Kinder Morgan to Buy Stagecoach Gas Services for $1.23 Billion
$1.225 Billion acquisition includes 4 natural gas storage facilities and 3 pipelines serving Northeast market demand and Marcellus supply.
Mountain Valley Pipeline Start Delayed, Cost Rises to $6.2 Billion
The natural gas pipe’s delay to summer 2022 is due to regulators’ request for time to review certification applications.
N.C. Again Denies Permit for Mountain Valley Pipeline
The state’s Department of Environmental Quality denied a water permit for the Southgate natural gas pipeline.
Equitrans Confirms Early 2021 Startup for Mountain Valley Pipeline
Costs for the natural gas pipe could rise another 5% to $5.7 billion.
Bankrupt Chesapeake Asks to Cancel Pipeline Contracts, Sets Drilling Cuts
Chesapeake Energy separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices.