Consolidated Edison (NYSE: ED) reported Q4 EPS of $0.69, $0.03 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.74 billion.

"We finished 2016 strong, and are poised for continued success in 2017," said John McAvoy, Con Edison's chairman and CEO. "Our recently approved three-year rate plans for Consolidated Edison Company of New York, Inc.'s electric and gas delivery businesses include implementation of our five-year smart meter installation program for electric and gas customers, and significantly accelerates natural gas main replacement. The plans provide for an energy future that increases customer options for energy savings, incorporates solar and renewable energy, and further expands our vigorous energy efficiency programs."

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