Con Edison announced plans to invest $29 billion in upgrading and strengthening the New York City area's electrical grid. This substantial investment is aimed at meeting the rising demand for electrification and improving infrastructure resilience.

Con Edison reported an increase in earnings, attributed to a significant ramp-up in infrastructure investment.

KeyBanc has increased its price target for Con Edison (ED) to $96, citing an updated capital plan and guidance from the company.

Con Edison has announced the launch of a public offering of 7 million shares.