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Article: Con Edison to Provide Services in Competitive Energy Business Through Corporate Subsidiaries
- Article from:
- PR Newswire
- Article date:
- September 24, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 24 /PRNewswire/ -- Con Edison announced today that through two newly named subsidiaries -- Con Edison Solutions and Con Edison Development -- it will provide new services to customers and expand into new businesses. These measures are in accordance with the utility's comprehensive plan, approved by regulators on September 10, to reduce rates, foster competition in the energy supply sector, and position itself to do business in the emerging, deregulated energy environment.
The companies have evolved from the utility's two existing, unregulated subsidiaries -- ProMark Energy, Inc., and Gramercy Development, Inc. Effective today, ProMark is ...