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    When You Are Scared, Rely On 'Steady Eddie' -- Consolidated Edison

    Fri, 12/16/2011 - 15:02 EDT - Seeking Alpha
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    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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    Related

    • Con Edison: A Fairly Valued, Low Risk Utility

      By Jeremy Johnson:Consolidated Edison "Con Edison" (ED) is an electric and natural gas utility serving customers primarily in the NY Metro area. The company operates out of three segments with CECONY, a fully regulated utility, being the most important in terms of revenue (81% of total in 2011) and operating profit (93%).

    • Great Dividend Plays: Consolidated Edison

      By David White:When you are uncertain where the market will go, it may pay to invest in one of the steadiest stocks in the market, Steady Eddie -- Consolidated Edison (ED). This is essentially a regulated utility that has a reputation for being well run. It has raised its dividend for 38 straight years. It steadily invests in infrastructure. It prides itself on its reliability and its customer service.

    • ConEd: An Excellent Utility With A Tasty Dividend

      By Michael Fitzsimmons:Consolidated Edison (ED), Inc. has been serving the metropolitan New York area for more than 180 years.

    • 8 Reasons to Own NextEra Energy

      By Bret Jensen:One utility that looks interesting to me right now based on valuation and dividend yield is NextEra Energy, formerly Florida Power & Light. NextEra Energy (NEE) - NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada.

    • Steady Eddie's Stock Is Rising Even With Its Workers Locked Out For Negotiations

      By David White:One of the foremost precepts when buying stocks is to look for strength. Consolidated Edison (ED), alias Steady Eddie, is showing that. The rank and file workers have been locked out since July 1, 2012 after the contract with the Utility Workers Union expired on June 30, 2012.

    • NY utility, union to meet Thursday; talks possible

    • NY utility, union talks collapse amid hot weather

    • Consolidated Edison: A Good Buy For The Yield

      By Osman Gulseven:Established in 1884, Consolidated Edison (ED) is one of the oldest utility companies in the U.S. history. The company primarily operates as a diversified utility provider, operating in the New York and adjacent areas. ConEd's electricity distribution network serves around 3.5 million households in the New York, New Jersey, and northeastern Pennsylvania.

    • Consolidated Edison Appears Overvalued

      By Dividend Monk: Consolidated Edison (ED) has a long history of dividend increases, a solid dividend yield, and a reliable cash-generating business.

    • Con Edison in Dilutive Mode

      Zacks.com submits: Consolidated Edison Inc. (ED) announced that it will issue 6.3 million shares on October 1, 2010.

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