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ED Consolidated Edison Inc

94.80
0.40 (0.42%)
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Last Updated: 22:30:00
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Share Name Share Symbol Market Type
Consolidated Edison Inc NYSE:ED NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.42% 94.80 95.44 93.782 94.05 2,372,910 22:30:00

FleetCarma and Con Edison Charge Ahead with SmartCharge Rewards™ for Electric Vehicle Owners

19/04/2017 3:00pm

PR Newswire (US)


Consolidated Edison (NYSE:ED)
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Program Offers Incentives for Off-Peak Charging in NYC and Westchester County

NEW YORK CITY, April 19, 2017 /PRNewswire/ - FleetCarma, a connected car technology provider specializing in plug-in electric vehicle applications, and Con Edison have begun a program to incentivize off-peak charging of plug-in electric vehicles.

The program, called SmartCharge New York, seeks plug-in electric vehicle owners who regularly charge their vehicles in New York City and Westchester County, NY by offering them incentives for participation, including a free FleetCarma device that provides EV drivers with feedback on how they compare to other EV owners and how to earn rewards for charging during more preferable times for the electricity grid. 

The program is beginning its recruitment phase and more information can be found at www.fleetcarma.com/smartchargenewyork.

Through the program, Con Edison will gain insights on how the increasing number of EVs will impact its electric-delivery system. Con Edison will use that information to guide investments in its system and maintain its industry-leading reliability.

"We expect plug-in electric vehicles to grow in popularity among our customers as innovation brings costs down and range up," said Vicki Kuo, director of Energy Efficiency and Demand Management Programs at Con Edison. "The SmartCharge program will provide plug-in owners with information they can use to become more efficient in their driving and charging and save money."

"With SmartCharge New York, we are providing EV owners who charge their vehicles in New York City and Westchester with a great opportunity to become more engaged with others in the EV community, learn about how their experiences and statistics compare, and earn financial rewards for helping to create a more efficient electricity grid," says Eric Mallia, General Manager at FleetCarma.  "This is truly a leading program in the utility and EV sectors and we are delighted to be working with Con Edison to support our collective mission of improving and accelerating EV adoption."

Program participants will be able to earn SmartCharge RewardsTM through the FleetCarma online application which converts kilowatt-hours (kWh) of off-peak charging into Rewards Points redeemable for online gift cards each month.  Within the online portal EV owners will be able to access data about their vehicle that they typically would not be able to get from their in-vehicle dashboard, such as the heath of their vehicle's battery and downloadable trip logs data that they could use to further understand the performance of their car.  In addition, the portal will provide comparative feedback on various driving and charging behaviors to show participants how they rank on these metrics with other participating EV owners.

About Con Edison: Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $48 billion in assets. The utility delivers electricity, natural gas and steam to about 3.4 million customers in New York City and Westchester County, N.Y. For additional financial, operations and customer service information, visit conEd.com. For energy efficiency information, visit coned.com/energyefficiency. Also, visit us on Twitter and Facebook.

About FleetCarma: FleetCarma is an award-winning Cleantech Information and Communications Technology company with products and services that are enabling the global transition to the adoption clean transportation policies and practices.  FleetCarma clients make use of vehicle monitoring devices and patented powertrain modelling software to implement initiatives that increase and improve plug-in electric vehicle adoption.  For more information visit www.fleetcarma.com.

 

SOURCE FleetCarma

Copyright 2017 PR Newswire

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