This article is an acquisition from Capital, Capital’s premium digital offering. For you as a stern PLUS subscriber, it is exclusively available here until October 5th, 2023. It will then be available again exclusively for Capital subscribers at

When the lights come on on the New York Stock Exchange in the morning, Consolidated Edison is in business. The company supplies around ten million people in the financial metropolis and its surroundings with electricity and gas, thereby helping to keep New York City running. It is itself a legend of Wall Street: The company, founded 200 years ago as the New York Gas Light Company, has been listed on the stock exchange since 1824, and no share is traded here longer. That’s 199 years of uninterrupted stock market history for a company that has borne the name of the electrical pioneer Thomas Alva Edison since 1936.

Access to all STERN PLUS content and articles from the print magazine


Already registered?