When You Are Scared, Rely On 'Steady Eddie' -- Consolidated Edison
By David White:When the world economy starts to turn negative as it has recently, you want to park your money somewhere safe. You want to continue to earn money with as little downside risk as possible. Consolidated Edison Inc. (ED) -- aka Steady Eddie -- is a utility that should allow you to do that. Consolidated Edison Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the US. Its subsidiary, Consolidated Edison Company of New York Inc. (CECONY), delivers electricity to approximately 3.3 million customers in New York City and Westchester County. It delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County. It delivers steam to approximately 1,760 customers in parts of Manhattan. It operates 62 area distribution substations and various distribution facilities, 38 transmission substations, and 62 area stations. It operates electricity generation plants with anComplete Story »
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