Post by Con Edison

Our CEO, Tim Cawley, joined global energy leaders at the Reuters Global Energy Forum yesterday. He participated in a fireside chat with Reuters’ Energy Correspondent, Laila Kearney, about long-term versus real-time utility planning, highlighting the growing challenge of balancing future planning with day-to-day operations. As electricity demand rises, utilities must plan decades ahead while operating flawlessly in real-time. Reliability is not something customers ask for; it’s something they expect. Con Edison powers New York City, the world’s financial capital, delivering 44 percent of New York State’s electricity. In this environment, reliability is not only operational; it is economic. It underpins global markets and requires constant performance. Designing the grid for tomorrow means building it differently today.  Tim discussed how we’re planning for more extreme, prolonged heat and a shift from a summer-peaking to a winter-peaking system. Investing now is vital to meet the demand of future decades. This requires disciplined, forward-looking investment. Through targeted, multi-value projects, we’re strengthening reliability and improving resiliency, from storm hardening to flood protection, and managing long-term affordability. We do this while operating one of the most complex energy networks in the country, which serves more than 9 million people and delivers the performance our customers depend on every day. This balance of real-time execution and long-term planning is essential to delivering reliable, resilient, and affordable energy at scale. Thank you to Reuters for convening this important conversation.