Con Edison Generated $24.8B Economic Output in New York in 2025
A new HR&A report finds Con Edison supported nearly 40,000 jobs and drove $24.8 billion in total economic output across New York State last year.
Con Edison contributed $24.8 billion in total economic output to New York State in 2025 and supported 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 state's broader economic ecosystem, extending well beyond its core function of delivering energy to millions of customers.
The report positions Con Edison as a significant driver of high-quality union employment across the state. The jobs tied to the company span direct utility operations as well as indirect positions supported through supply chains and spending activity generated by the company's workforce and capital investments.
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The scale of the figures reflects the multiplier effect that large regulated utilities can exert on regional economies. Infrastructure spending by companies like Con Edison tends to ripple through local contractor networks, materials suppliers, and service industries, amplifying the initial investment well beyond what flows directly through the company's own payroll.
New York's continued push toward grid modernization and clean energy infrastructure is expected to sustain or expand that economic footprint in coming years, as utilities face mounting capital requirements to upgrade aging systems and integrate renewable generation. Con Edison's investment trajectory will likely remain a key variable in how the state's energy-sector employment picture evolves.
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