Con Edison has increased shareholder dividends every year for nearly 40 consecutive years.
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Con Edison has also developed a SCADA-controlled switch that can be used in manholes.
Given this track record, Cramer considers Con Edison to be a compelling investment option.
FORBES: Memo to Investor-Owned Utilities: You're Not In Kansas Anymore
Con Edison announced Thursday that most customers can expect their power back by the weekend of Nov. 10.
There were reports of an explosion at a Con Edison power station on the east side of Manhattan.
People were not as impressed with utility companies, including Con Edison and the Long Island Power Authority.
The 10 are Alliant Energy, CMS Energy, Con Edison, Southern Company, DTE Energy, Northeast Utilities, Progress Energy, PPL Corp.
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The bottom line is that Con Edison evaluated Deep Thunder for a specific purpose and rejected it for that purpose.
Con Edison, which pays a dividend that yields 4.5%, has raised its dividend every year for the last 37 years.
FORBES: Memo to Investor-Owned Utilities: You're Not In Kansas Anymore
Utilities around the nation and planet are using Deep Thunder for applications similar to what Con Edison considered (and rejected) it.
In 2009, Liberty Consulting Group conducted a comprehensive management audit of Con Edison for the New York Public Service Commission.
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Con Edison's Mike Clendenin said there were just 317 customers without power in the city on Saturday morning, mostly in Brooklyn.
For example, contractors submitted invoices that charged Con Edison for the cost of removing rock at an excavation site that never existed.
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In 2007, Ham and two Con Edison employees were arrested and cut a deal for leniency in exchange for cooperating with the investigators.
The city's primary electricity provider, Con Edison, has not returned CNN calls regarding any stepped up security at its plants or other facilities.
In the Financial District, in lower Manhattan, most businesses were closed, and there were lots of Con Edison trucks and emergency vehicles.
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It turns out that Con Edison wildly underestimated the scope and scale of financial losses suffered as the result of ludicrously inadequate internal accounting controls.
Energy firm Con Edison also shut down miles of steam pipes under the city to prevent explosions if they come into contact with cold water.
Led by artificial-intelligence expert David Waltz, CCLS has created a clutch of compelling smart-grid systems for Con Edison over the past five or six years.
That would translate to a rise of 5 percent to 10 percent in the amount residential customers pay Con Edison for the electricity they consume.
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New York City, where 11 inches of snow fell in Central Park, saw just a few hundred customers without power, a Con Edison spokesman said.
In exchange for these kickbacks, the supervisors agreed to falsify contractor invoices and otherwise rig payments to allow contractors to overcharge Con Edison for construction work.
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The resulting investigation uncovered a kickback scheme that encompassed more than a dozen mid-level Con Edison employees and took place over the course of nearly a decade.
Utility Con Edison noted over 3, 600 customers were without electrical power, and announced they secured over 700 external contractors in order to try to keep its services running.
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Con Edison contracted with Entergy for fixed-price capacity and energy.
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In the following weeks, Mr. Stevenson then allegedly contacted Con Edison "to accelerate the provision of gas services" to one of the day care centers, according to the complaint.
In 2011, Ham was convicted for conspiring launder money through his credit union accounts for his brother-in-law, a Con Edison employee, who was taking illegal kickbacks from Con Edison contractors.
Con Edison says electricity will be restored by Saturday.
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Over the next two or three weeks, I am going to write a series of posts explaining why it would behoove investors to start thinking differently about investor-owned utilities like Con Edison.
FORBES: Memo to Investor-Owned Utilities: You're Not In Kansas Anymore
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