Resources

Search, compare, and request quotes for nearly 13,000 products with detailed listings:

Blogs

  • 2012 IEEE PES Show Blog

    The IEEE Blog is a unique tour of the 2012 PES Expo in Orlando, FL, by Gene Wolf, former chairman of the IEEE PES T&D Committee.

White Papers

» More White Papers

Follow Power Editor Nikki Chandler on

Follow Technology Editor on Vito Longo

Find T&D World on Facebook

News Releases

Briefing Room

At the Briefing Room you will be able to stay up-to-date on the latest technology announcements where we will provide daily postings from our industry sources.

  
   

ConEdison Solutions Advances National Growth Strategy with Recent Acquisition

ConEdison Solutions (White Plains, New York, U.S.) has acquired Custom Energy Services, LLC (Overland Park, Kansas, U.S.), an energy services company serving a national portfolio of clients. ConEdison Solutions is an energy services company owned by the holding company Consolidated Edison Inc.

Jorge Lopez, CEO and president of ConEdison Solutions, says that he's seeing a resurgence on the energy services side. “We are one of the few who decided to hold on [to our energy service business] because we felt it was both complementary to our retail commodity business, but that it also was where the business was going in the future.”

Custom Energy provides energy-efficiency services to clients throughout the United States using guaranteed performance contracts. Such contracts leverage energy savings from energy-efficient infrastructure improvements to cover project installation costs over set periods of time. The company also provides energy consulting for demand-side and supply-side services, and provides on-site power, co-generation and renewable energy technologies.

With ConEdison Solutions' May 1, 2008, acquisition of Custom Energy Services, and its acquisition of energy services and engineering firm BGA Inc. (Tampa, Florida, U.S.) in May 2007, ConEdison Solutions is well positioned for the growing trend of green solutions, says Lopez. The government and government-like businesses are already moving forward with their energy cost reduction; now the commercial market seems to be moving toward that as well, notes Lopez. “Every time energy increases by a mil, it expands the potential for energy efficiency greatly,” Lopez says.

The acquisitions allow ConEdison Solutions to expand its reach, growing it from a regional to a national base. The company maintains offices in eight states. “Our objective is to build a national energy services company,” Lopez says. According to him, this will enable the company to be more effective and to launch innovative offers, such as with renewable and solar technologies.

The company has been a holder of energy-savings government contracts, but through these two acquisitions, it now reaches state and local markets as well as the schools market. Custom Energy is complementary to ConEdison Solutions' current business. “There wasn't a lot of overlap in the contracts they held and the territory they were covering,” Lopez says. With the BGA acquisition, ConEdison Solutions is the provider of energy-efficiency services at properties nationwide for the U.S.'s largest owner of retail real estate, Simon Property Group.

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy

Comments are the sole responsibility of the person posting them. T&D World will not edit postings. If T&D World editors deem any comment inappropriate, we will preempt or remove the posting.

General Rules: T&D World will not allow comments that are found to be degrading based on gender, race, class, ethnicity, national origin, religion, sexual orientation or disability. Neither will epithets, abusive language or obscene comments be allowed.

blog comments powered by Disqus

T&D TV

Most Read


Find Other Popular Items

Features

Vegetation Management
Grid Optimization

Upcoming Webcasts

Transmission & Distribution World allows you to access live and on-demand webcasts. Webcasts are available durning their scheduled date and time. If you are unable to attend at the scheduled time, these free events will be available On-Demand for viewing at your convenience.


On-Demand Webcasts

» View More Webcasts

Jobzone
  • Transmission & Distribution World April2012 Issue
  • Transmission & Distribution World March 2012 Issue
  • Transmission & Distribution World February 2012 Issue
  • January 2012 Issue
  • December 2011 Issue
  • November 2011 Issue
  • October 2011 Issue

Browse Back Issues