Watertown, S.D. – (December 14, 2022) – Terex Utilities is pleased to announce that Consolidated Edison, Inc. (“Con Edison”) displayed its Terex all-electric bucket truck in front of the New York Stock Exchange on December 13th. The display was part of Terex’s Investor Day activities, during which John L. Garrison, Jr., Chairman, President and CEO of Terex Corporation, presented information about how Terex Utilities is positioned for growth. 

“Demonstrating its long track-record of innovation, Terex Utilities was the first manufacturer to bring the electric utilities industry an all-electric bucket truck with customers taking delivery this year,” said Joe Caywood, Director of Marketing, Terex Utilities. In May, the company introduced a Terex Optima 55 ft aerial device, powered by the HyPowerTM SmartPTO by Viatec, mounted on an International® eMV Series battery electric 33,000 GVW chassis, from Navistar.  

Con Edison was one of several utilities that made an early commitment to the all-electric bucket truck.  

“In addition to helping us maintain our energy-delivery system, our all-electric bucket truck represents an important step for Con Edison as we transition our fleet of vehicles away from fossil fuels as part of our Clean Energy Commitment to New York,” said Fortunato Gulino, Con Edison’s chief automotive engineer. “Terex has been a great partner and we applaud the contribution they’re making to the nation’s clean energy transition.”  

“Many utilities have sustainability goals now through the next 10 years to achieve full fleet electrification. Terex Utilities introduced the electric bucket truck to the market ahead of projections and will continue to expand electric options to other models in our product line,” said Caywood.  

Garrison commented: “Terex has made significant investments in Terex Utilities that position it for future growth, including increasing capacity at the Watertown, S.D. manufacturing headquarters, investing in technology like power take off electrification with the SmartPTO, and expanding service capacity with 21 US service center locations.”  

The display in front of the New York Stock Exchange follows an announcement last week from Newsweek naming Terex one of “America’s Most Responsible Companies.” The ranking, presented by Newsweek and Statista Inc., focuses on a holistic view of corporate responsibility through Environment, Social, and Corporate Governance. 

“Acknowledgement as a ‘Responsible Company’ underscores Terex Utilities’ part in helping Transmission & Distribution utilities achieve net zero goals,” said Garrison. 

The Terex’s Investor Day webcast and presentation materials can be accessed through Terex’s Investor Relations website at https://investors.terex.com. Watch the video presentation about Terex Utilities from Investor Day. 

About Terex 

Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in construction, maintenance, manufacturing, energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their environmental impact including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all stages of the product life cycle, from initial specification and financing to parts and service support. 

About Terex Utilities 

Terex Utilities is a leading global manufacturer of aerial devices and digger derricks for the electric utility industry and offers service and parts support across North America. Terex Utilities is a business group within the Terex Aerial Work Platforms Business Segment of Terex Corporation. 

About ConEdison 

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $14 billion in annual revenues and $66 billion in assets. The utility delivers electricity, natural gas and steam, and serves 3.5 million customers in New York City and Westchester County. Through Consolidated Edison Inc.’s subsidiary, Con Edison Clean Energy Businesses, the company is the second-largest owner of solar electric projects in North America.