POWERING NEW YORK'S GROWTH WITH $24.8 BILLION IMPACT IN 2025
PR Newswire•30/09/2026•17:00 ET
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Key Highlights
- ➤Con Edison (ED) generated $24.8 billion in New York economic output in 2025
- ➤Con Edison (ED) supported 39,700 jobs across New York State in 2025
- ➤Con Edison (ED) spent $2 billion on New York State business contracts in 2025
- ➤Con Edison (ED) invested approximately $720 million in clean energy and reliability programs
- ➤Con Edison (ED) provided $247 million in bill assistance to approximately 420,000 households
Expert Statements
Matthew Ketschke, President of Con Edison
“Con Edison is deeply connected to the communities we serve. Every day, our investments drive economic growth across New York, creating family-sustaining jobs, supporting local businesses, enhancing energy reliability, and expanding access to clean energy. Together, these investments are helping build a stronger, more resilient future for all New Yorkers.”
Frank Morales, President of Utility Workers of America Local 1-2
“Con Edison powers New York, and the members of UWUA Local 1-2 are at the heart of that mission. Our union plays a critical role in delivering the safe, reliable energy that millions of New Yorkers depend on every day. These life-changing jobs strengthen our local communities, support economic growth, and help build a skilled and diverse workforce ready to meet the challenges of the future. We are proud to contribute so much to the communities we serve.”
Christopher Erikson Jr., Business Manager of Local Union No. 3, International Brotherhood of Electrical Workers
“Con Edison is New York's leading engine for stable, high-quality jobs for Local 3 members. These jobs contribute to the local economy, support working families and help maintain a skilled, productive workforce. We look forward to building on our partnership with Con Edison to protect good union jobs and promote economic opportunity for our members and all New Yorkers.”
Paul Capurso, Executive Secretary Treasurer of the NYC District Council of Carpenters
“Every day, Con Edison's investments in New York's energy system put union carpenters to work across the five boroughs and Westchester. This report shows what that means for our city: $24.8 billion in economic output, nearly 40,000 jobs statewide, and $2 billion in contracts with New York businesses. We are proud to partner with Con Edison to create union careers with good wages and benefits. Together, we're creating a path into the middle class, and our members are proud to help build the infrastructure that keeps New York running.”
Donato A. Bianca Jr., Vice President and New England Regional Manager of Laborers' International Union of North America
“When Con Edison invests in New York, laborers are on the ground making it happen. For every Con Edison employee, another 1.8 jobs are supported in the state, and many of those are skilled union construction jobs. Investment in reliable energy infrastructure is also an investment in working families. We are proud to stand with Con Edison as it strengthens New York's economy and its workforce.”
Thomas A. Callahan, Business Manager of International Union of Operating Engineers, Local 15
“Keeping the lights on for 9.5 million New Yorkers takes heavy lifting, and the Operating Engineers are proud to do it. Con Edison's $16.2 billion in direct spending across New York State supports thousands of skilled union jobs and helps make New York's grid one of the most reliable in the country. This is what responsible infrastructure investment looks like: safe, good-paying careers for New Yorkers and a grid built for the future. We look forward to continued work to build it together.”
Matthew Ketschke, President of Con Edison
“Reliable energy is the foundation of a strong economy. As we look ahead, we will continue investing in the infrastructure, people and partnerships that help New York thrive while working to advance a clean, resilient and reliable energy system.”
POWERING NEW YORK'S GROWTH WITH $24.8 BILLION IMPACT IN 2025 PR Newswire
Con Edison is New York's Leading Engine for High-Quality Union Jobs
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