Utility Dive
Summary
Consolidated Edison, Inc. is planning to spend more than $29 billion over the next five years on substations and other grid upgrades to meet rising electrification in its territory covering New York City and parts of its suburbs. Unlike some peer utilities, buildings and transportation — not data centers — are Con Edison’s primary demand drivers.
“Electrification of heating and transportation is accelerating at an unprecedented pace, driven by years of state and local policy that have been reinforced by strong customer preference and sustained economic growth in our region,” Cawley said.
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