consolidated edison inc (ED) Key Developments
Consolidated Edison Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014
Aug 7 14
Consolidated Edison Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income for common stock of $212 million or $0.73 a share compared with $172 million or $0.59 a share in 2013. Earnings from ongoing operations, which exclude the effects of the gain on sale of solar energy projects, the lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs), were $189 million or $0.65 a share in 2014 compared with $160 million or $0.55 a share in 2013.
For the first six months of 2014, net income for common stock was $574 million or $1.96 a share compared with $364 million or $1.24 a share in the first six months of 2013. Earnings from ongoing operations, which exclude the effects of the gain on sale of solar energy projects, the LILO transactions and the net mark-to-market effects of the CEBs, were $532 million or $1.82 a share in 2014 compared with $476 million or $1.62 a share in 2013.
The company expects its earnings from ongoing operations for the year 2014 to be in the range of $3.70 to $3.85 a share. The company's previous forecast of 2014 earnings was in the range of $3.65 to $3.85 a share. Earnings per share from ongoing operations exclude a $0.09 a share gain on sale of solar energy projects, a $0.02 a share benefit relating to the LILO transactions and the net mark-to-market effects of the CEBs.
Willdan Group Wins $22.3 Million Contract Modification from Con Edison
Aug 7 14
Willdan Group said it has been awarded a $22.3 million contract modification from Con Edison that expands an existing Small Business Direct Install contract to a total value of $61.3 million. The company, which develops and implements energy solutions for utilities, commercial entities, and all levels of government said the contract was expanded to include Con Edison small business customers in Manhattan, Staten Island and Westchester County, N.Y.
Consolidated Edison, Inc. to Report Q2, 2014 Results on Aug 07, 2014
Jul 24 14
Consolidated Edison, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014
Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on September 15, 2014
Jul 17 14
Consolidated Edison, Inc. declared a quarterly dividend of 63 cents a share on its common stock, payable September 15, 2014, to stockholders of record as of August 13, 2014.
John F. Hennessy III Resigns as a Director of Consolidated Edison, Inc. and a Trustee of Consolidated Edison Company of New York, Inc. Effective July 15, 2014
Jul 8 14
On July 7, 2014, Mr. John F. Hennessy III resigned as a Director of Consolidated Edison, Inc. and a Trustee of Consolidated Edison Company of New York, Inc. effective as of July 15, 2014.