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Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $62 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: *Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric and gas service in New York City and Westchester County, New York, and steam service in the borough of Manhattan; *Orange and Rockland Utilities, Inc., a regulated utility serving customers in a area in southeastern New York and northern New Jersey; and, *Con Edison Transmission, Inc., which invests in electric and natural gas transmission projects. In 2015, electric revenues accounted for 70.35% of consolidated sales (70.55% in 2014); gas revenues 13.61% (14.96% in 2014); steam revenues 5.01% (4.86% in 2014) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steam Rising From New York City Streets
Steam is water vapor, often mixed with air or an aerosol of liquid water droplets. This may occur due to evaporation or due to boiling, where heat is applied until water reaches the enthalpy of vaporization. Saturated or superheated steam is invisible; however, wet steam, a visible mist or aerosol of water droplets, is often referred to as "steam". When liquid water becomes steam, it increases in volume by 1,700 times at standard temperature and pressure; this change in volume can be converted into mechanical work by steam engines such as reciprocating piston type engines and steam turbines, which are a sub-group of steam engines. Piston type steam engines played a central role in the Industrial Revolution and modern steam turbines are used to generate more than 80% of the world's electricity. If liquid water comes in contact with a very hot surface or depressurizes quickly below its vapour pressure, it can create a steam explosion. Types of steam and conversions Steam is trad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric
Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of either a positive or negative electric charge produces an electric field. The motion of electric charges is an electric current and produces a magnetic field. In most applications, Coulomb's law determines the force acting on an electric charge. Electric potential is the Work (physics), work done to move an electric charge from one point to another within an electric field, typically measured in volts. Electricity plays a central role in many modern technologies, serving in electric power where electric current is used to energise equipment, and in electronics dealing w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dissolution (law)
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever. Dissolution of a partnership is the first of two stages in the termination of a partnership. "Winding up" is the second stage. Dissolution may refer to the termination of a contract or other legal relationship. For example, in England and Wales, divorce is the end of a marriage; dissolution is the end of a civil partnership. ( A common misperception is that dissolution is only if the husband or wife does not agree: if the husband and wife agree then it is a dissolution). Dissolution is also the term for the legal process by which an adoption is reversed. While this applies to the vast majority of adoptions which are terminated, they are more commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Battery Park
The Battery, formerly known as Battery Park, is a public park located at the southern tip of Manhattan#Manhattan Island, Manhattan Island in New York City facing New York Harbor. The park is bounded by Battery Place on the north, with Bowling Green (New York City), Bowling Green to the northeast, State Street (Manhattan), State Street on the east, New York Harbor to the south, and the Hudson River to the west. The park contains attractions such as an early 19th-century fort named Castle Clinton; multiple monuments; and the SeaGlass Carousel. The surrounding area, known as South Ferry (Manhattan), South Ferry, contains multiple ferry terminals, including the Staten Island Ferry's Whitehall Terminal; a boat launch to the Statue of Liberty National Monument (which includes Ellis Island and Liberty Island); and a boat launch to Governors Island. The park and surrounding area are named for the artillery battery, artillery batteries that were built in the late 17th century to protec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City Steam System
The New York City steam system includes Con Edison's Steam Operations, a piped steam system which provides steam to large parts of Manhattan. Other smaller systems provide steam to New York University and Columbia University, and many individual buildings in New York City also have their own steam systems. The steam is used to heat and cool buildings and for cleaning and disinfecting. It is the largest such system in the world and has been in operation since 1882. Con Edison's Steam Operations Con Edison's Steam Operations is a district heating system which carries steam from generating stations under the streets to heat and cool buildings and businesses in Manhattan. Some New York City businesses and facilities also use steam for cleaning and disinfection. The New York Steam Company began providing service in lower Manhattan on March 3, 1882. By 1932, the company supplied steam to over 2,500 buildings from six steam plants, including its massive Kips Bay Station on the Ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lower Manhattan
Lower Manhattan, also known as Downtown Manhattan or Downtown New York City, is the southernmost part of the Boroughs of New York City, New York City borough of Manhattan. The neighborhood is History of New York City, the historical birthplace of New York City and for its first 225 years was the entirety of the city. Lower Manhattan serves as Government of New York City, the seat of government of both Manhattan and the entire City of New York. Because there are no municipally defined boundaries for the neighborhood, a precise population cannot be quoted, but several sources have suggested that it was one of the fastest-growing locations in New York City between 2010 and 2020, related to the influx of young adults and significant development of new housing units. Despite various definitions of Lower Manhattan, they generally include all of Manhattan, Manhattan Island south of 14th Street (Manhattan), 14th Street, with the Bowling Green (New York City), Bowling Green and The Batte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Of Currents
The war of the currents was a series of events surrounding the introduction of competing electric power transmission systems in the late 1880s and early 1890s. It grew out of two lighting systems developed in the late 1870s and early 1880s: arc lamp street lighting running on high-voltage alternating current (AC), and large-scale low-voltage direct current (DC) indoor incandescent lamp, incandescent lighting being marketed by Thomas Edison's company. In 1886, the Edison system was faced with new competition: an alternating current system initially introduced by George Westinghouse's company that used transformers to step down from a high voltage so AC could be used for indoor lighting. Using high voltage allowed an AC system to transmit power over longer distances from more efficient large central generating stations. As the use of AC spread rapidly with other companies deploying their own systems, the Edison Electric Light Company claimed in early 1888 that high voltages used in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Edison
Thomas Alva Edison (February11, 1847October18, 1931) was an American inventor and businessman. He developed many devices in fields such as electric power generation, mass communication, sound recording, and motion pictures. These inventions, which include the phonograph, the motion picture camera, and early versions of the electric Incandescent light bulb, light bulb, have had a widespread impact on the modern industrial society, industrialized world. He was one of the first inventors to apply the principles of organized science and teamwork to the process of invention, working with many researchers and employees. He established the first industrial research laboratory. Edison was raised in the American Midwest. Early in his career he worked as a telegraph operator, which inspired some of his earliest inventions. In 1876, he established his first laboratory facility in Menlo Park, New Jersey, where many of his early inventions were developed. He later established a botanical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edison Illuminating Company
The Edison Illuminating Company was established by Thomas Edison on December 17, 1880, to construct electrical generating stations, initially in New York City. The company was the prototype for other local illuminating companies that were established in the United States during the 1880s. History Pearl Street Station On September 4, 1882, Edison's first central station, the Pearl Street Station, opened at 257 Pearl Street in Manhattan. The station was the first commercial power plant in the United States, and was the world's first cogeneration plant. The plant burned down on January 2 1890. Only 1 dynamo (or generator) survived; it is currently displayed at the Henry Ford Museum. The Institute of Electrical and Electronics Engineers designated it as a milestone in 2011. Other stations In November 1882, the Edison Electric Illuminating Company of Shamokin, Pennsylvania was established. In 1883, it became only the second three-wire electrical station in the world. The f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
