Consolidated Edison, Inc. (ED) said it will receive $136 million in smart grid stimulus funds from the U.S. Department of Energy or DOE.
The federal stimulus money would help fund a smart grid program for customers served by Consolidated Edison Company of New York and Orange & Rockland Utilities.
The Con Edison program is one of 100 projects that will share $3.4 billion in Smart Grid Investment Grant awards announced earlier today by President Barack Obama.
The stimulus funds will broaden the scope of Con Edison's existing smart grid efforts to modernize the electric grid in the most complex energy market in America. The company is already testing various technologies in a smart grid pilot project in Queens.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.