Stratrix
On the Record · Consolidated Edison

Consolidated Edison acquisitions, on the record

The businesses Consolidated Edison bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Clean Energy Businesses
Word for word“On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses.” 10-K for 2023
divestitureOn March 1, 2023—
a renewable electric project
Word for word“Loss from sale of a renewable electric project (pre-tax) 4 — — Income taxes (g) (1) — — Loss from sale of a renewable electric project (net of tax) 3 — — Remeasurement of deferred state taxes related to dispositions prior to 2022 (net of federal taxes) — 13 — Remeasurement of deferred state taxes related to dispositions prior to 2022 (net of federal taxes) — 13 — Impairment loss related to investment in Stagecoach Gas Services LLC (pre-tax) (h) 212 — — Income taxes (g) (65) — — Impairment loss related to investment in Stagecoach Gas Services LLC (net of tax) (h) 147 — — Impairment loss related to investment in Honeoye Storage Corporation (pre-tax) (i) 5 — — Impairment loss related to investment in Honeoye Storage Corporation (net of tax) (i) 5 — — Impairment loss related to investment in Mountain Valley Pipeline, LLC (pre-tax) (j) 231 — — Income taxes (g) (69) — — Impairment loss related to investment in Mountain Valley Pipeline, LLC (net of tax) (j) 162 — — Adjusted earnings (Non-GAAP) $1,528 $1,620 $1,762 Reported earnings per share – GAAP basis (basic) $3.86 $4.68 $7.25 Gain and other impacts related to sale of the Clean Energy Businesses (pre-tax) (a) (b) — (0.03) (2.55) Income taxes (c) — 0.35 0.33 Gain and other impacts related to sale of the Clean Energy Businesses(net of tax) (a) (b) — 0.32 (2.22) HLBV effects (pre-tax) (d) (0.41) (0.17) 0.02 Income taxes (e) 0.12 0.05 (0.01) HLBV effects (net of tax) (d) (0.29) (0.12) 0.01 Net mark-to-market effects (pre-tax) (0.15) (0.51) 0.04 Income taxes (f) 0.05 0.16 (0.01) Net mark-to-market effects (0.10) (0.35) 0.03 Loss from sale of a renewable electric project (pre-tax) 0.01 — — Loss from sale of a renewable electric project (net of tax) 0.01 — — Remeasurement of deferred state taxes related to dispositions prior to 2022 (net of federal taxes) — 0.04 — Remeasurement of deferred state taxes related to dispositions prior to 2022 (net of federal taxes) — 0.04 — Impairment loss related to investment in Stagecoach Gas Services LLC (pre-tax) (h) 0.61 — — Income taxes (g) (0.19) — — Impairment loss related to investment in Stagecoach Gas Services LLC (net of tax) (h) 0.42 — — Impairment loss related to investment in Honeoye Storage Corporation (pre-tax) (i) 0.02 — — Impairment loss related to investment in Honeoye Storage Corporation (net of tax) (i) 0.02 — — Impairment loss related to investment in Mountain Valley Pipeline, LLC (pre-tax) (j) 0.66 — — Income taxes (g) (0.19) — — Impairment loss related to investment in Mountain Valley Pipeline, LLC (net of tax) (j) 0.47 — — Adjusted earnings per share (Non-GAAP) $4.39 $4.57 $5.07 10 CON EDISON ANNUAL REPORT 2023 a.” 10-K for 2023
divestiture——
Stagecoach
Word for word“For the year ended December 31, 2021, Con Edison Transmission recorded pre-tax impairment losses of $212 million ($147 million, after-tax) on its investment in Stagecoach and during 2021 completed the sale of its interest in Stagecoach.” 10-K for 2023
divestitureFor the year ended December 31, 2021—
Broken Bow II
Word for word“Other includes the parent company, Con Edison’s tax equity investments, consolidation adjustments and Broken Bow II, the deferred project held for sale at December 31, 2024, the sale and transfer of which was completed in January 2025.” 10-K for 2024
divestitureJanuary 2025—
Sempra Solar Holdings, LLC
Word for word“In 2018, the Clean Energy Businesses completed its acquisition of Sempra Solar Holdings, LLC.” 10-K for 2024
acquisitionIn 2018—
approximately 40 percent of Con Edison Transmission's approximately 6.6 percent interest in Mountain Valley Pipeline, LLC (MVP)
Word for word“In January 2026, Con Edison Transmission completed the sale of approximately 40 percent of its approximately 6.6 percent interest in Mountain Valley Pipeline, LLC (MVP) to one of the founding members of MVP and expects to complete the sale of its remaining interest in MVP to another founding member during the first half of 2026 for total aggregate consideration of $357.5 million, subject to certain closing adjustments.” 10-K for 2025
divestitureIn January 2026$357.5 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businesses
2016-12-31$0—
2017-12-31$0—
2018-12-31$1.49 billion—
2019-12-31$0$0
2020-12-31$0$0
2021-12-31—$183 million
2022-12-31—$0

Deal filings since 2016

Read from Consolidated Edison’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.