Market Chatter: Consolidated Edison Needs to Upsize Grid Equipment to Weather Longer Heat Waves, CEO Says

MT Newswires Live06-24

Consolidated Edison (ED) Chief Executive Tim Cawley said the company needs to expand parts of its grid equipment to weather longer and more intense heat waves, Reuters reported Tuesday, citing Cawley's remarks at a forum held the same day.

Cawley also said Consolidated Edison is seeing demand growth from data centers, Reuters added. Other US utility companies have upgraded their electric grids to meet the increasing demand and withstand extreme weather, the news outlet said.

Consolidated Edison did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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