Consolidated Edison is planning $38B in utility capital investments over five years to support building and transportation electrification, with a focus on solar generation. They are seeing a significant increase in electric vehicle charging and electric heat requests, aiming to invest proactively to meet New York's clean energy goals. To address reliability challenges, Con Ed plans to add 22 new substations by 2034 and grow their investment base by 8.6% annually through 2030. Additionally, they are exploring joint ownership of large-scale renewable generation to advance the state's clean energy standard, with a decision expected by May.
https://www.utilitydive.com/news/con-ed-capital-spending-rates-earnings/812981/