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Consolidated Edison, Inc. Message Board

  • slantt6 slantt6 Mar 23, 2014 10:22 AM Flag

    READ THE NEWSPAPER

    All you ED bulls shouting BUY BUY BUY are you aware of the explosion 2 weeks ago that CON ED is at least partially responsible for and will take years and billions to correct. If your going to BUY BUY BUY have a 5 year
    time horizon and pray they dont cut the dividend.

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    • Even if NYS wants ED to increase the current rate of gas main replacements, there is only beneficial to the company's bottom line. The customers pay for improvements to the system (replacement and new business work over 10" I think is considered to be capital work) and the value of the work goes into the rate base, where the company gets a guaranteed rate of return. The NYS PSC approves the number of miles of gas mains that are to be replaced each year and the number of acceptable leaks per mile, so the state regulators are complicit in the company's managing of the gas system.

    • Just curious, do you happen to know if ED has ever cuts its dividend in the past?

 
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