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Adjusted earnings were $673 million or $1.95 a share in the 2021 period compared with $652 million or $1.95 a share in the 2020 period. (the Clean Energy Businesses) and the net mark-to-market effects of the Clean Energy Businesses.įor the first six months of 2021, net income for common stock was $584 million or $1.70 a share compared with $565 million or $1.69 a share in the first six months of 2020. Adjusted earnings and adjusted earnings per share in the 20 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric production projects of Con Edison Clean Energy Businesses, Inc. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison's investment in Stagecoach Gas Services LLC (Stagecoach) and the loss from the sale of a renewable electric production project. Adjusted earnings were $182 million or $0.53 a share in the 2021 period compared with $201 million or $0.60 a share in the 2020 period. (Con Edison) (NYSE: ED) today reported 2021 second quarter net income for common stock of $165 million or $0.48 a share compared with $190 million or $0.57 a share in the 2020 second quarter. 5, 2021 /PRNewswire/ - Consolidated Edison, Inc.