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Economic Impact Report

Powering New York City and Westchester with the nation’s most reliable energy isn’t just our job, it’s our commitment to the 9 million people and 350,000 businesses we proudly serve. In partnership with HR&A Advisors, we’re excited to share the meaningful ways our work is benefiting the local communities we also call home.

Energizing the Economy

We power the heart of the New York Metro economy, generating thousands of jobs and billions of dollars in economic activity.

Our total economic output is equal to 1% of New York State’s Gross Domestic Product.

Con Edison's total economic output is twenty-two point six billion dollars, which creates thirty-eight point six thousand jobs and gives one point eight billion dollars in contracts to New York State businesses.

For every 1 Con Edison employee, our economic activity supports another 1.9 jobs in New York State.

We spent $2 billion in 2024 on contracts with New York State and New York City businesses, roughly split between the state and city. More than $1 billion of our contracts are with businesses in all five boroughs and Westchester County.
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Tax Contribution

New York State depends on Con Edison for a significant share of its total tax revenue.

Of the $3.3 billion in tax revenue paid by customers to New York City to support city services, $2.4 billion goes to property taxes.

Con Edison customers are responsible for 4% of New York City’s tax revenue, nearly enough to cover the budgets of Fire Department of New York (FDNY) and NYC Sanitation Department (DSNY) combined or 23% of public school teachers from the Department of Education (DOE).

Creating and Sustaining Jobs

Con Edison is powered by New Yorkers, and we work to provide quality, family-sustaining jobs for our workforce.

Over 80% of Con Edison employees live in New York State, including over 50% who live within New York City or Westchester.

Fifty-seven percent of Con Edison’s workforce is represented by an industry union. That's more than 7,000 jobs, which is 2.7 times the industry average.

Seventy-seven percent of Con Edison employees are graduates from New York State–based institutions, including CUNY, SUNY, and other public and private colleges.
As a sign of employee satisfaction, employees tend to stay at Con Edison three times longer than average, advancing their career through internal promotions.
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