Nov 7 (Reuters) - Electric and gas utility Consolidated

Edison ( ED ) beat third-quarter profit estimates on Thursday,

helped by higher service rates at its unit that supplies

electricity to New York City and Westchester County.

Consolidated Edison ( ED ) operates through three segments -

Consolidated Edison Company of New York, Orange & Rockland

Utilities and Con Edison Transmission.

The company posted an adjusted profit of $1.68 per share for

the reported quarter, compared to analysts' average estimate of

$1.62 per share, according to data compiled by LSEG.

"We continue to expect solid rate base growth as we continue

to make investments to both enable New York's clean energy

transition and upgrade our infrastructure to improve its

resilience," CFO Kirk Andrews said in a statement.

Consolidated Edison's ( ED ) total operating revenue rose 5.6% to

$4.09 billion, while operating expenses saw a 2.5% increase in

the quarter ended Sept. 30.

The company also revised its full-year profit forecast to

the upper half of its original range.

It now expects adjusted earnings per share to be in the

range of $5.30 to $5.40. The prior forecast was a range of $5.20

to $5.40.