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Article: Con Edison's Financial Strength and Strategic Growth Highlighted at Company's Annual Meeting.
- Article from:
- PR Newswire
- Article date:
- May 15, 2000
CopyrightCOPYRIGHT 2000 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, May 15 /PRNewswire/ --
At the Con Edison annual shareholders' meeting, Consolidated Edison, Inc.'s (Con Edison [NYSE: ED]) chairman, Eugene R. McGrath, reported on the company's excellent financial performance in 1999, a time of dramatic change in the energy industry. He noted that "we moved aggressively to expand our business by completing the acquisition of one energy company and agreeing to acquire another. We expanded our competitive businesses. We streamlined our operations. At the same time, we served our customers well and maintained our position as the nation's most reliable electric utility."
At the meeting, held at Con Edison ...