Faced with ever-changing demands – Con Edison needed a standard yet agile approach to continuously maximize the strategic value of its capital investment portfolio all year round.
Standardized capital investment portfolio governance and selection helped execute the right projects at the right time and monitor their performance ‘in flight’.
Consolidated Edison delivers power to approximately 3.7 million electric and 1.2 million gas customers in the world’s most dynamic and demanding marketplace – metropolitan New York. It’s a challenging job and an essential service that Con Edison does safely and reliably. Yet, more and more, priorities have been compounded by climate change, customers concerned with costs, sustainability, and changing regulations. Increasingly, it’s become critical to track and evaluate where every dollar of the utility’s $2 billion annual capital budget is spent, and to fund projects that best align with Con Edison’s long-term strategy and the optimal balance of stakeholders’ needs.
"For organizations that need to manage capital expenditures, UMT combines business intelligence with effective technology solutions and the know-how to allow organizations to see benefits quickly."