Con Edison Generated $24.8B Economic Output in New York in 2025
A new economic impact report credits Con Edison with $24.8 billion in output and nearly 40,000 jobs across New York State last year.
Con Edison contributed $24.8 billion in total economic output to New York State in 2025 and supported approximately 39,700 jobs, according to a new economic impact report developed in partnership with HR&A Advisors. The findings underscore the utility's outsized role in the regional economy beyond its core function of delivering electricity and gas.
The report highlights Con Edison's position as a significant source of high-quality union employment across the state. The jobs supported by the company span direct utility operations as well as indirect and induced employment generated through supply chains and worker spending throughout the broader New York economy.
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The $24.8 billion figure reflects total economic output, a metric that captures not only Con Edison's own revenues and expenditures but also the downstream activity its operations stimulate across contractors, vendors, and local businesses. Analysts note that large regulated utilities tend to generate substantial multiplier effects given their capital-intensive infrastructure investments.
New York's continued push for grid modernization and clean energy transition positions Con Edison's investment pipeline as a sustained driver of economic activity in coming years. Capital projects tied to electrification and reliability upgrades are expected to maintain demand for skilled union labor across the region.
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