Form 10-Q · Quarterly report
Consolidated Edison 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0001047862
- Accession no.
- 0001047862-26-000155
Summary
Consolidated Edison and its subsidiary CECONY reported their third-quarter 2026 financial and operating update, including CECONY's July 2026 filings with the New York State Public Service Commission projecting New York City electric reliability needs of 125 MW beginning in 2033 and rising to 675 MW by 2036, and a reliability contingency plan favoring competitive procurement of battery storage. The NYISO separately determined that the Champlain Hudson Power Express project had demonstrated its planned power capability, removing a near-term reliability need while longer-term concerns for the Lower Hudson Valley and New York City from 2032 remain.
Key points
- CECONY's updated July 2026 Reliability Needs Report projects New York City electric reliability needs of 125 MW beginning in 2033 rising to 675 MW by 2036, a one-year deferral and smaller need than its January 2026 report.
- CECONY filed a reliability contingency plan with the NYSPSC emphasizing competitive procurement of clean energy resources including transmission- and distribution-connected battery storage, and requested regulatory approvals and cost recovery.
- The NYISO determined in October 2026 that the Champlain Hudson Power Express project demonstrated its planned power capability, removing a near-term reliability need, but said it still foresees reliability concerns for the Lower Hudson Valley and New York City from 2032.
- Con Edison Transmission completed the sale of its ~6.6% equity interest in Mountain Valley Pipeline, LLC in the first quarter of 2026, and in October 2026 CECONY and Con Edison Transmission sold their Honeoye Storage Corporation interests for $5 million in aggregate.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations This combined management’s discussion and analysis of financial condition and results of operations (MD&A) relates to the consolidated financial statements (the Third Quarter Financial Statements) included in this report of two separate registrants: Consolidated Edison, Inc. (Con Edison) and Consolidated Edison Company of New York, Inc. (CECONY). As used in this report, the term the “Companies” refers to Con Edison and CECONY. CECONY is a subsidiary of Con Edison and, as such, information in this MD&A about CECONY applies to Con Edison. …
An excerpt of the text as filed with the SEC, cut for length.
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