Con Edison Finalizes Sale of One of Its Largest Clean Energy Businesses

tion is valued at $6.8 billion.

“Con Edison’s focus is on New York,” said Timothy P. Cawley, Chairman and Chief Executive Officer of Con Edison, Inc. “We are leading the transition to a clean energy future, while maintaining a safe, cost-effective system that delivers world class reliability for our customers.”

Con Edison continues to make significant investments in clean energy transmission projects, building electrification, energy efficiency, electric vehicle infrastructure, battery storage and other technologies. In addition, Con Edison wants to invest in and operate renewable generation in New York.

NEW YORK - Consolidated Edison, Inc. has successfully completed the sale of its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. (the “Clean Energy Businesses”), including the transfer of substantially all of its assets, to RWE Renewables Americas, LLC. The transac-

“To help New York reach its ambitious clean energy goals, we continue to seek state approval of utility-owned renewable generation to benefit our customers and all New Yorkers,” Cawley added. This press release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations and not facts. Words such as “forecasts,” “expects,” “estimates,” “anticipates,” “intends,” “believes,” “plans,” “will,” “target,” “guidance,” “potential,” “consider” and similar expressions identify forward-looking statements. The forward-looking statements reflect information available and assumptions at the time the statements are made, and accordingly speak only as of that time. Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $69 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company’s effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.

Opposition Leader Kamla Persad-Bissessar has welcomed the police investigation into human trafficking allegations which both she and Prime Minister Dr. Keith Rowley have leveled at members of each other’s party. And she has called for all those who have pointed fingers to assist with the probe and even called for the prime minister to be the first to be interviewed.

“I call on everyone who’s making allegations to now provide documented evidence to the TTPS [Trinidad and Tobago Police Service] to support the allegations they’ve made. The time for hearsay and mauvais langue is over,” she said in a statement issued on Thursday, a day after Commissioner of Police Erla Christopher announced that she had appointed a special team of officers to investigate allegations that senior government officials were involved in human trafficking.

The matter being investigated stems from the United States July 2022 Trafficking in Persons Report which stated that the twinisland republic remained on the Tier 2 Watchlist partly because it did not take action against senior government officials alleged in 2020 to be involved in human trafficking.

While Rowley said those officials were members of the United National Congress (UNC), the opposition pointed fingers at the ruling People’s National Movement (PNM). Persad-Bissessar said she condemns human trafficking as “a vile scourge and evil in our society and all those who enable it should be prosecuted to the fullest extent of the law”.

“In this regard, the UNC welcomes the investigation announced by the commis- sioner of police and the TTPS into human trafficking by ‘senior government officials as identified in the US reports. Hopefully, the Counter-Trafficking Unit, which was formed in 2013 by my UNC government, can contribute to this investigation,” she said. However, she said she was puzzled why this investigation was only being started, given that ever since ‘senior government officials were identified by the US State Department as being involved in human trafficking, the UNC has sought to get answers in the Parliament on what was being done about this.

“The Rowley government sat on its hands and did nothing. Its inaction caused Trinidad and Tobago to be disgracefully downgraded to the international Tier 2 Watch List for human trafficking,” she said, adding that when the matter was brought up in Parliament last Friday, Rowley “attempted a grand distraction by pointing fingers scandalously and maintaining that he wasn’t responsible for taking the required action”.

“We need the factual basis of the information he supplied last Friday.”

Persad-Bissessar also called on the TTPS to investigate whether advertising in the daily newspapers via ads for escort and other personal services might amount to enabling human trafficking.

“It’s amazing that some media continue to pontificate against human trafficking at the front of their newspapers, whilst in the back in their classified ads section, they may be actively enabling human trafficking,” she said.