| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-09-30 | other | completed | 7,300 | 2024-06-23 | United States (New York City and Westchester County) | CECONY | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year agreement with CECONY's largest union, ratified with effective date of June 23, 2024. | |||
| 2024-06-30 | other | announced | 7,300 | 2024-06-30 | United States (New York City and Westchester County) | CECONY — largest union bargaining unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year agreement reached in June 2024 covering approximately 7,300 employees; subject to ratification by employees. Announcement date approximated to period end as only the month is disclosed. | |||
| 2023-12-31 | divestiture_reduction | completed | 2022-10-01 | 2023-03-01 | United States | Clean Energy Businesses | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of all stock of Clean Energy Businesses to RWE completed March 1, 2023; headcount removed not disclosed | |||
| 2022-12-31 | divestiture_reduction | announced | 462 | 2022-10-01 | 2023-03-31 | United States | Clean Energy Businesses | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Con Edison agreed to sell the Clean Energy Businesses to RWE Renewables America, LLC for $6,800 million. Classified as held for sale as of December 31, 2022; expected to close end of Q1 2023. Headcount of 462 reflects employees at the Clean Energy Businesses as of December 31, 2022. | ||
| 2022-09-30 | divestiture_reduction | announced | 2022-10-01 | 2023-06-30 | United States | Con Edison Clean Energy Businesses | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell the Clean Energy Businesses to RWE for $6,800 million, expected to close in first half of 2023; no employee counts or workforce reductions disclosed. Approximately $50-60 million of transaction costs expected, mostly in 2022. | |||
| 2020-09-30 | other | completed | 7,100 | 2020-06-21 | United States (New York) | CECONY | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreement reached with CECONY's largest union covering approximately 7,100 employees, effective June 21, 2020. | |||
| 2020-06-30 | other | completed | 7,100 | 2020-06-21 | New York (CECONY service territory) | CECONY unionized workforce | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreement reached with CECONY's largest union, effective June 21, 2020, covering approximately 7,100 employees. | |||
| 2019-12-31 | voluntary_separation | completed | 2019-07-18 | 2019-10-31 | United States | Information Technology | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board resolutions dated July 18, 2019 amended the Retirement Plan and Thrift Savings Plan effective August 1, 2019 to accelerate vesting for participants in the voluntary separation plan; election window ran August 1 through October 31, 2019. Number of participating employees and any associated charge are not disclosed. | |||
| 2018-12-31 | acquisition_addition | completed | 2018-12-13 | 2018-12-13 | United States | Clean Energy Businesses (Con Edison Development) | USD 1,609 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price of $1,609 million including $69 million of working capital and closing adjustments; acquired company held interests in 981 MW (AC) of operating renewable projects. Headcount added not disclosed. Excluded from management's ICFR assessment (3% of consolidated total assets). | ||
| 2018-12-31 | acquisition_addition | completed | United States | Clean Energy Businesses | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Clean Energy Businesses acquired a battery storage company during 2018, recording $12 million of goodwill in the purchase price allocation. Acquisition date and headcount added not disclosed. | |||||
| 2016-12-31 | divestiture_reduction | completed | 2016-07-01 | 2016-09-30 | United States | Clean Energy Businesses — Retail Electric Supply | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Con Edison Solutions sold its retail electric supply business to a subsidiary of Exelon Corporation in September 2016 for cash consideration of $235 million. Employee headcount impact not disclosed. | |||
| 2016-12-31 | divestiture_reduction | completed | 2015-10-01 | 2016-08-31 | United States (Pennsylvania) | O&R — Pike County Light & Power Company | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | O&R sold Pike to Corning Natural Gas Holding Corporation in August 2016 for $15 million cash. Employee headcount impact not disclosed. | |||
| 2016-12-31 | other | completed | 8 | 2017-01-31 | United States | CECONY to Con Edison Transmission | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | In January 2017 (subsequent to fiscal year-end), 8 CECONY employees transferred to Con Edison Transmission. | |||
| 2016-12-31 | acquisition_addition | completed | 2016-01-01 | 2016-12-31 | United States | Con Edison Transmission | Item 1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | In January 2017, 8 CECONY employees transferred to Con Edison Transmission. This action is disclosed in the 2016 10-K as a subsequent event/transfer. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-08-01 | 2016-08-31 | Pennsylvania | O&R | Item 1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | O&R sold its Pennsylvania subsidiary, Pike, in August 2016. Employee count not explicitly disclosed. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-09-01 | 2016-09-30 | United States | Clean Energy Businesses | Item 1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Con Edison sold the retail electric supply business of its Clean Energy Businesses in September 2016. Employee count not explicitly disclosed. | |||
| 2016-09-30 | other | completed | 8,000 | 2016-06-26 | New York City and Westchester County, NY | CECONY | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | CECONY reached a four-year collective bargaining agreement with its largest union covering approximately 8,000 employees, effective June 26, 2016. No restructuring, RIF, or headcount reduction actions disclosed in this filing. | |||
| 2016-06-30 | other | completed | 8,000 | 2016-06-26 | United States — New York City and Westchester County | CECONY — largest union bargaining unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreement reached in June 2016 with CECONY's largest union, effective June 26, 2016, covering approximately 8,000 employees. No headcount reduction or restructuring implied. | |||
| 2015-12-31 | divestiture_reduction | in_progress | 2015-06-01 | 2016-12-31 | United States | Competitive energy businesses — retail electric supply | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Con Edison initiated a plan in June 2015 to sell the retail electric supply business; related assets and liabilities classified as held for sale, sale expected to close within twelve months of year-end. No headcount associated with the sale is disclosed. | |||
| 2015-12-31 | divestiture_reduction | in_progress | 2015-10-01 | 2016-12-31 | United States — Pennsylvania/New Jersey | O&R — Pike County Light & Power Company | USD 5 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | O&R agreed in October 2015 to sell Pike to Corning Natural Gas Holding Corporation for $16 million; $5 million impairment ($3 million after tax) recorded. Closing subject to FERC and PAPUC approvals. No employee count disclosed for the divested operations. | ||
| 2012-12-31 | restructuring | in_progress | Cecony Electric [Member] / April Two Thousand Nine [Member] / March Two Thousand Ten [Member] | USD 47,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | other | completed | 8,000 | 2012-07-01 | 2012-08-31 | New York | CECONY electric, gas and steam operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | 26-day work stoppage ended by a four-year collective bargaining agreement covering approximately 8,000 employees, ratified in August 2012. During the stoppage, operations continued with approximately 5,500 employees and additional resources. Exact announcement date not specified; July 2012 used as approximate. | ||
| 2012-09-30 | other | completed | 8,000 | 2012-07-01 | 2012-08-01 | New York | CECONY | MD&A f5-10q / Qwen3.6-27B-Q8_0 | 26-day work stoppage involving approximately 8,000 employees ended in July 2012; agreement ratified in August 2012. | ||
| 2012-06-30 | other | completed | 8,000 | 2012-07-31 | United States (New York City and Westchester County) | CECONY electric, gas and steam operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In July 2012 CECONY reached a four-year collective bargaining agreement covering approximately 8,000 employees, subject to ratification, ending a 26-day work stoppage. During the stoppage the company operated with approximately 5,500 employees plus additional resources. Disclosed as a subsequent event in MD&A. | |||
| 2012-06-30 | other | completed | 8,000 | 2012-07-01 | New York | CECONY | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reached a four-year collective bargaining agreement covering approximately 8,000 employees, ending a 26-day work stoppage. | |||
| 2009-03-31 | other | in_progress | 2009-01-01 | New York | Construction/Operations | other f5-10q / Qwen3.6-27B-Q8_0 | Internal investigation into arrests of certain employees and retired employees for accepting kickbacks from contractors. Company terminated employment of arrested employees and contracts with contractors. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2007-12 | 2008-06-30 | United States | Competitive energy businesses (Con Edison Development) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of ownership interests in generating projects totaling about 1,706 MW completed in Q2 2008; no headcount associated with the sale is disclosed. | |||
| 2008-12-31 | other | completed | 10 | 2009-01 | United States | Con Edison of New York — construction/contractor oversight | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Ten employees (plus one retired employee) arrested in January 2009 for kickbacks from a contractor; the company terminated the arrested employees. Post-fiscal-year event; internal investigation still in early stages at filing. | |||
| 2008-03-31 | divestiture_reduction | in_progress | 2007-12 | 2008-06-30 | United States | Con Edison Development — power generating projects (Rock Springs, Ocean Peaking Power, CEEMI, Newington, Lakewood) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of ~1,706 MW generating projects to North American Energy Alliance for ~$1.5 billion, scheduled to close in two stages during 1H 2008. No headcount associated with the divestiture is disclosed in the filing. | |||
| 2006-12-31 | divestiture_reduction | completed | 2006-03-31 | United States | Con Edison Communications, LLC | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Con Edison Communications to RCN Corporation completed March 2006 for approximately $39 million cash; no employee count disclosed. | ||||
| 2004-09-30 | other | completed | 2004-06-30 | New York, United States | Con Edison of New York and O&R | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreements reached in June 2004 covering about two-thirds of each company's employees; no headcount figure disclosed. | ||||
| 2004-06-30 | other | in_progress | 2004-06-30 | New York, United States | Con Edison of New York and O&R (unions representing about two-thirds of each company's employees) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In June 2004 Con Edison of New York reached a tentative collective bargaining agreement and O&R achieved a final agreement (awaiting signatures) with unions covering about two-thirds of each company's employees. | ||||
| 2000-12-31 | acquisition_addition | completed | 1999-07-01 | 1999-07-31 | New York, New Jersey, Pennsylvania | Regulated electric and gas utility (O&R) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed July 1999 for $791.5 million cash; 2000 is first full year of O&R ownership. Filer does not disclose acquired headcount; O&R headcount of 999 at 2000-12-31 is the only related figure. | |||
| 2000-12-31 | divestiture_reduction | completed | 1999-06-30 | 1999-12-31 | New York | Electric generation (Con Edison of New York) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sales of almost 6,300 MW of ~8,300 MW generating capacity completed in 1999 for $1.8 billion; 480 MW Roseton interest sold January 2001. Filer does not quantify headcount removed. Related voluntary employee retirement incentive expenses of $30 million deferred and $15 million charged to income in 2000. | |||
| 2000-12-31 | voluntary_separation | completed | 1999-01-01 | 2000-12-31 | New York | Con Edison of New York — special retirement program | USD 45 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1999 special retirement program increased pension obligations by $45 million; $15 million expensed in 2000 and $30 million recorded as regulatory asset amortized over 15 years from October 2000. Employee count not disclosed. | ||
| 2000-12-31 | restructuring | completed | 1999-06-30 | 2000-12-31 | New York | O&R — electric generation divestiture | USD 11 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | O&R sold all generating assets June 1999; $11.3 million of employee retraining, retention and severance costs included in sale cost. Additional pension/OPEB curtailment costs of $1.6 million and $0.8 million. Employee count not disclosed. | ||
| 2000-12-31 | acquisition_addition | completed | 999 | 1999-07-01 | 1999-07-01 | New York, New Jersey, Pennsylvania | Orange and Rockland Utilities, Inc. (O&R) | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Con Edison acquired O&R in July 1999. The 999 employees are included in the year-end 2000 headcount. | ||
| 2000-12-31 | divestiture_reduction | completed | 1999-06-01 | 1999-08-01 | New York | Con Edison of New York | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Con Edison of New York sold most of its electric generating capacity in June and August 1999. Specific headcount reduction not disclosed. | |||
| 2000-12-31 | divestiture_reduction | completed | 1999-06-01 | 1999-06-01 | New York | Orange and Rockland Utilities, Inc. (O&R) | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | O&R sold all of its generating assets in June 1999. Specific headcount reduction not disclosed. | |||
| 2000-12-31 | voluntary_separation | completed | 1999 | New York | Con Edison of New York | USD 45 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Special retirement program in 1999 providing enhanced pension benefits. Increase in pension obligations was $45 million. $15 million expensed in 2000, $30 million deferred. | |||
| 2000-12-31 | voluntary_separation | completed | 1999 | New York | Con Edison of New York | USD 30 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Voluntary employee retirement incentive expenses related to generation divestiture. $30 million deferred for amortization over 15 years, $15 million charged to income in 2000. | |||
| 2000-12-31 | restructuring | completed | 1999 | New York, New Jersey, Pennsylvania | Orange and Rockland Utilities, Inc. | USD 11 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Employee retraining, retention and severance pay associated with sale of generating assets in June 1999. | |||
| 2000-12-31 | restructuring | completed | 1999 | New York, New Jersey, Pennsylvania | Orange and Rockland Utilities, Inc. | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Additional pension and postretirement benefit costs due to curtailments and special termination benefits triggered by divestiture. | |||
| 2000-06-30 | other | completed | 2000-06-30 | United States — New York City and Westchester County | Con Edison of New York — all functions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreement concluded June 2000 covering approximately two-thirds of employees; wage increases of 3.0% in years 1-3, 2.5% in year 4, plus potential 0.5% merit each year. | ||||
| 2000-06-30 | other | completed | 2000-06-30 | United States — New York (Orange and Rockland service territory) | O&R — all functions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreement concluded June 2000 covering approximately 65% of employees; wage increases of 3.25% in year 1, 3.0% in years 2-3, 3.25% in year 4. | ||||
| 2000-06-30 | other | completed | 2000-06-01 | New York | Consolidated Edison Company of New York, Inc. | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Concluded a four-year collective bargaining agreement with the union representing approximately two-thirds of its employees. | ||||
| 2000-06-30 | other | completed | 65% | 2000-06-01 | New York | Orange and Rockland Utilities, Inc. | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Concluded a new four-year collective bargaining agreement with the union representing approximately 65 percent of its employees. | |||
| 2000-03-31 | restructuring | completed | Orange and Rockland Utilities, Inc. (O&R) | Generating assets / Operations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Sale of generating assets in June 1999 resulted in a 25 percent reduction in the workforce. | |||||
| 1999-12-31 | acquisition_addition | completed | 1,061 | 1999-07-01 | 1999-07-31 | United States — southeastern New York, New Jersey, Pennsylvania | Regulated electric and gas utility operations | USD 792 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Con Edison completed acquisition of O&R for $791.5M cash in July 1999. O&R had 1,061 employees at 1999-12-31. Headcount figure is year-end count, not explicitly stated as acquisition addition. | |
| 1999-12-31 | voluntary_separation | completed | United States — New York | Con Edison of New York | USD 45 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Special retirement program in 1999 offering enhanced pension benefits to eligible employees retiring within specified time limits; $45.0M increase in pension obligations deferred for PSC disposition. No employee count disclosed. | ||||
| 1999-12-31 | voluntary_separation | completed | United States — southeastern New York, New Jersey, Pennsylvania | Orange and Rockland Utilities | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | O&R offered a special retirement program in 1999 with enhanced pension benefits; curtailment charge recorded under SFAS 88. No employee count or charge amount disclosed separately. | |||||
| 1999-12-31 | voluntary_separation | completed | 1999 | New York | Con Edison of New York | USD 45 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Special retirement program providing enhanced pension benefits. Increase in pension obligations amounts to $45.0 million. | |||
| 1999-12-31 | voluntary_separation | completed | 1999 | New York/New Jersey/Pennsylvania | Orange and Rockland Utilities, Inc. (O&R) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Special retirement program providing enhanced pension benefits. Curtailment charge recorded; portion expensed, portion deferred as regulatory asset. | ||||
| 1999-09-30 | acquisition_addition | completed | 1999-07-08 | 1999-07-08 | New York, New Jersey, Pennsylvania | Regulated utility (O&R) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEI completed acquisition of O&R for $791.5 million in cash; no headcount added disclosed. | |||
| 1999-09-30 | restructuring | completed | 1999-07-08 | New York, New Jersey, Pennsylvania | O&R — workforce reductions and curtailment losses under employee benefit plans | USD 21 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | O&R recognized ~$20.9M for contractual termination benefits, workforce reductions, and curtailment losses tied to CEI acquisition; no employee count disclosed. Additional $2.4M of SFAS 88/106 costs related to June 1999 sale of generating assets. | |||
| 1999-09-30 | restructuring | completed | Orange and Rockland Utilities, Inc. | General | USD 21 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | O&R recognized approximately $20.9 million of expenses for contractual termination benefits, workforce reductions and curtailment losses under employee benefit plans in connection with the July 1999 acquisition by CEI. Employee count not disclosed. | ||||
| 1998-09-30 | other | announced | 1998-10 | 2002-06-30 | United States — New York City area | Con Edison workforce (union-represented employees) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Con Edison agreed with the union representing about two-thirds of employees to extend the collective bargaining agreement to June 2002; agreement addresses effects of generating capacity divestiture and remains subject to employee ratification vote. | |||
| 1998-09-30 | other | completed | 1998-10 | 2002-06 | New York | All | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Con Edison agreed with the union representing approximately two-thirds of employees to extend the collective bargaining agreement to June 2002. The agreement addresses effects of generating capacity divestiture on employees. | |||
| 1997-12-31 | restructuring | completed | 736 | 1997-01-01 | 1997-12-31 | New York | Central Operations | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | For 1997 the decrease [in expenses] reflects... a 4.9 percent reduction in the workforce. | ||
| 1997-12-31 | restructuring | completed | 4.9% | 1997 | 1997-12-31 | New York | General | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Decrease in other operations and maintenance expenses reflects a 4.9 percent reduction in the workforce. |