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 $24.8 billion in economic activity across New York State last year.
Con Edison contributed $24.8 billion in total economic output across New York State in 2025, supporting approximately 39,700 jobs, according to a newly released economic impact report developed with consulting firm HR&A. The figures underscore the utility's role as a significant driver of employment and investment in the region.
The report highlights Con Edison's position as a leading source of high-quality union jobs in New York, a distinction that carries weight in a state where organized labor remains a substantial political and economic force. The utility's footprint spans energy infrastructure, construction, and operations that ripple through local supply chains and service industries.
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The $24.8 billion figure reflects total economic output — a broad measure that captures direct spending, indirect supplier activity, and induced effects from employee wages cycling back into the economy. With nearly 39,700 positions supported statewide, the company's workforce and contracting activity represent a meaningful share of New York's overall employment base.
The findings arrive as New York continues to pursue ambitious clean energy and grid modernization targets, investments that analysts note typically amplify utility-sector economic multipliers. Con Edison's infrastructure spending is expected to remain elevated in coming years as the state works toward its statutory climate goals, suggesting the utility's economic footprint could expand further.
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