New York, October 20, 2011 – Con Edison is the “greenest” utility company in the United States, according to Newsweek magazine’s 2011 Green Rankings.
The rankings were based on the magazine’s ratings of a company’s environmental impact, environmental management and disclosure. Newsweek developed a Green Score for each of the 500 largest publicly traded companies in the United States, and Con Edison scored highest among the 30 utilities rated.
The magazine calls its list the most comprehensive rankings of corporate environmental performance.
The honor is the third significant recognition Con Edison has gotten for its environmental performance in recent weeks. The Carbon Disclosure Project placed Con Edison first among utilities in the S&P 500 Carbon Disclosure Leadership Index. Con Edison also was the only utility listed in the S&P 500 Carbon Performance Leadership Index.
The company also was named to the Dow Jones Sustainability Index for the third straight year. That was based on Con Edison’s financial performance, environmental initiatives and social responsibility.
“We consider sustainability and the protection of the environment essential to the quality of life for our customers,” said Randolph S. Price, vice president of environment, health and safety at Con Edison. “We take seriously our responsibility to reduce our environmental footprint, and it’s heartening to see that independent evaluators recognize our success.”
Con Edison’s environmental stewardship includes its energy efficiency programs. The company encourages customers to use less energy and provides rebates for customers to use energy-efficient equipment.
The company also noted that its new Newtown substation in Long Island City, Queens earned a Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council, as well as a design award from the Queens Chamber of Commerce.
The company reduced its greenhouse gas emissions 35 percent since 2005 and expects its carbon footprint to shrink further as it shifts to greater use of natural gas at its steam-generation plants.
About Consolidated Edison Inc.
Consolidated Edison Inc. is one of the nation’s largest investor-owned energy companies, with some $13 billion in annual revenues and $36 billion in assets. The company provides energy-related products and services to its customers through its two regulated utility subsidiaries and its three competitive energy businesses.
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