New York City has been in an economic boom that requires increasing amounts of energy. Furthermore, the economic growth puts pressure on the NYPSC to adjust the utility’s rate-base in order to ensure sufficient energy supply.
ConEd’s mixture of utilities and competitive businesses put it in a position to take advantage of energy market shifts and any further deregulation. Over the past 3 years the competitive businesses’ earnings have improved and seem to be on an upward trajectory as more customers reconsider their options.