Eugene (Gene) R. McGrath (born 1942) in Yonkers, New York is an American businessman with extensive experience in engineering, operations, and executive management in the utility industry. McGrath was the Chairman of the Board and Chief Executive Officer of Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York. The company is a subsidiary of Consolidated Edison, Inc., the largest utility in one of the largest urban metropolitan areas in the world. A native New Yorker, McGrath spent his entire professional career with Con Edison. He has been listed as one of America's Most Powerful People in Forbes magazine.
Consolidated Edison Company of New York, Inc.
In 1963, McGrath graduated from Manhattan College with a bachelor's degree in mechanical engineering. He accepted a position with Consolidated Edison Company of New York, Inc. directly upon graduation. He started his career as an engineer and management trainee in the operating and customer-service divisions.
In September 2005, Kevin Burke assumed the roles of president and chief executive officer, while McGrath remained as chairman of the board.
Energy industry
Consolidated Edison Company of New York, Inc. is a subsidiary of the larger Consolidated Edison, Inc., supplying electric, natural gas, and steam-power services to New York City and Westchester County. Energy is delivered to more than four million customers through several distribution companies, including Consolidated Edison Company of New York, and Orange and Rockland Utilities. Both companies are subsidiaries of Consolidated Edison, Inc., delivering energy using the world's largest system of underground electric cables — some 94,000 miles — complemented by 36,000 miles of overhead electric wires.
In October 1997, McGrath was named president and chief executive officer of the parent company, Consolidated Edison, Inc. At that time, he also became a member and was elected chairman of the board of directors, a position that he held through February 2006.