ONE Future Welcomes Consolidated Edison, Inc.
-Natural Gas Coalition Membership Reaches 33-
December 9, 2020 – Our Nation’s Energy Future (ONE Future) announced today that Consolidated Edison, Inc. (Con Edison) (NYSE: ED) has joined the coalition; bringing the total number of member companies to 33. Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies and provides a wide range of energy-related products and services to its customers.
“Con Edison will be a valuable addition to the Coalition and to our Board of Directors,” said Richard Hyde, Executive Director, ONE Future. “We are excited to welcome them and look forward to the contributions we know that they will make that will positively impact our emission reduction numbers.”
As a ONE Future member, Con Edison will report its 2020 methane results as part of the transmission & storage and Distribution sector.
“Ensuring safety, the health of our employees and the public, and the protection of our environment is the cornerstone of everything we do,” said Lauraine Di Leonardo, Section Manager Gas Engineering System Reliability, Con Edison. “We are proud of the progress we’re making in reducing our company’s carbon footprint and membership with ONE Future will serve to strengthen those efforts.”
The 2019 Methane Intensity Report was released last month, and the coalition registered a 2019 methane intensity number of 0.334%; beating its one percent goal by 67%, and demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe for years to come.
About Con Edison
Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $59 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.
About ONE Future
ONE Future was formed when eight companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 33 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 13 out of the 38 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future’s data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire Hathaway Pipeline Group, BHP, Boardwalk Pipeline Partners, LP, Caerus Oil & Gas, Crestwood, Consolidated Edison, Inc., Dominion Energy, Duke Energy, EagleClaw Midstream, Enbridge, Encino, Equinor, EQT, Equitrans Midstream, Hess, Kinder Morgan, National Grid, New Jersey Natural Gas, NW Natural, ONE Gas, ONEOK, Southern Company Gas, Southern Star, Southwestern Energy, Summit Utilities, TC Energy, Williams, Woodland Midstream and Xcel Energy. For more information visit www.onefuture.us.
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