Economic Impact Report
We deliver the nation’s most reliable energy to 825,000 people and 32,000 businesses in Orange, Rockland and Sullivan counties in New York, and in Bergen, Passaic and Sussex counties in New Jersey — a powerful economic engine for the communities we proudly serve.
Like the people in our service territory, the people of our company are New Yorkers and New Jerseyans. We live here, go to school, build our lives, and raise our families here. To measure the company’s impact on the people and communities we serve, we worked with industry leader HR&A Advisors. Here’s what we found.
Energizing the Economy
In 2024, we generated $1.9 billion in total economic output in the areas we serve, which amounts to 1% of our service territory’s gross domestic product.
For every 1 Orange & Rockland employee, our economic activity supports another 2 jobs in New York and New Jersey.
Every dollar Orange & Rockland spends fuels the dynamic economies of New York and New Jersey and helps local residents thrive.
Growing Local Businesses
Orange & Rockland spent $174 million in 2024 on contracts with New York State and New Jersey businesses.
$65 million of our contracts are with small businesses, a 91% increase since 2022.
Nearly half of all Orange & Rockland contracts in New York and New Jersey are with small businesses, and the average contract size is about $563,000.
Creating and Sustaining Jobs
Orange & Rockland supports 3,300 jobs in New York and New Jersey, including 1,200 stable, high-quality, and well-paying jobs at the company. That’s 1 in 450 jobs in our service area, a 6% increase since 2022.
More than 96% of Orange & Rockland employees live in New York and New Jersey.
50% of our workforce are union members, almost 2.5 times the energy-industry average.
More than 91% of Orange & Rockland employees graduated from New York- or New Jersey-based colleges and universities, and 41% graduated from State University of New York schools and New Jersey public colleges/universities.
Our employees also tend to stay at the company nine years longer than the energy-industry average and advance their careers through internal promotions, a sign of job satisfaction.
Support for Low-and Moderate-Income Customers
Orange & Rockland helps low-to-moderate income New Yorkers pay their energy bills through the Energy Affordability Program. In 2024, the company provided $22 million to reduce the bills of 16,200 low-income customers.
Tax Revenue
Orange & Rockland pays a substantial share of the total tax revenues for both New York and New Jersey. In 2024, the company contributed $185 million in taxes and fees in New York and New Jersey — up 7% in the last year.
Our tax payments are sufficient to pay 2,200 public school teachers or 2,750 social workers in the region.
Out of the $185 million in direct taxes to New York and New Jersey, we contribute about $90 million in local taxes, which include:
- $52 million to Rockland County
- $35 million to Orange County
- $1.7 million to Sullivan County
- $675K to Bergen County
- $35K to Passaic County
Helping New Yorkers and New Jerseyans Thrive
Orange & Rockland’s vital role in growing and energizing the economy and improving the quality of life for residents in our service territory continues to grow every year. For years to come, for both New York and New Jersey, we plan to continue to:
- Strategically and equitably invest to strengthen and expand our energy systems for reliability and clean energy
- Create and sustain thousands of well-paying, local jobs
- Spur millions of dollars in economic activity
- Generate millions of dollars in tax revenue
- Invest millions of dollars to grow local businesses and support the most vulnerable New Yorkers and New Jerseyans