Consolidated Edison Inc
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Utilities : Multi-Utilities | Large Cap ValueCompany profile

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.

Closing Price
$79.01
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
79.24
Day's Low
78.18
Volume
(Average)
Volume:
1,852,638

10-day average volume:
1,910,983
1,852,638

Altria's stock gains after WSJ report a deal to take large stake in Juul could happen this week

1:33 pm ET December 19, 2018 (MarketWatch)
Print

Shares of Altria Group Inc. (MO) rallied 1.5% in afternoon trade Wednesday, to bounce off the previous session's 3 1/2-year closing low, after The Wall Street Journal reported that the cigarette seller was near a deal to take a 35% stake in e-cigarette startup Juul Labs Inc. The WSJ had earlier reported on the discussions (http://www.marketwatch.com/story/altria-may-be-adding-a-juul-to-its-crown-if-talks-with-e-cigarette-company-end-in-deal-2018-11-29). Citing people familiar with the matter, Wednesday's WSJ report said the $12.8 billion deal could be announced as early as this week, and value Juul at roughly $38 billion. The report comes nearly two weeks after Altria agreed to take a $1.8 billion stake in Canada-based cannabis company Cronos Group Inc. (CRON.T). The report also comes about a month after Juul planned (http://www.marketwatch.com/story/juul-to-pull-sweet-flavored-e-cigarettes-from-stores-2018-11-11) to stop selling most of its flavored nicotine liquids at retailers, as it faced a crackdown by the Food and Drug Administration (http://www.marketwatch.com/story/fda-to-sharply-curtail-sales-of-flavored-e-cigarettes-in-convenience-stores-2018-11-08) on flavored pod-style e-cigarettes. Altria's stock has tumbled 28% year to date, while the S&P 500 has slipped 4.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 19, 2018 13:33 ET (18:33 GMT)

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