Form 8-K · Current report
Consolidated Edison 8-K, filed Sep 4, 2026
- Filed
- CIK
- 0001047862
- Accession no.
- 0001193125-26-383674
Summary
Consolidated Edison Company of New York (CECONY), the New York State Department of Public Service and other parties have entered a joint proposal for a CECONY steam rate plan covering November 1, 2026 through October 31, 2029, which is subject to approval by the New York State Public Service Commission. The proposal provides for shaped base rate increases producing a consistent 3.5% total bill impact each year and an authorized return on common equity of 9.5 percent.
Key points
- Base rate changes are $13 million, $42 million and $39 million in years one through three, implemented on a shaped bill basis for a consistent 3.5% total bill impact each year.
- Capital expenditures are projected at $143 million, $127 million and $126 million over the three years.
- Average rate base rises from $2,118 million to $2,234 million to $2,311 million, with a 48 percent common equity ratio and an authorized return on common equity of 9.5 percent.
- Negative revenue adjustments of $4.3 million, $4.5 million and $4.7 million could apply if service, reliability and safety targets are not met.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
From the filing
Item 8.01 Other Events On September 4, 2026, Consolidated Edison Company of New York, Inc. (CECONY), the New York State Department of Public Service (NYSDPS) and other parties entered into a joint proposal for a CECONY steam rate plan for the three-year period November 1, 2026 through October 31, 2029 (the Joint Proposal). The Joint Proposal is subject to approval by the New York State Public Service Commission (NYSPSC). The following table contains a summary of the Joint Proposal. CECONY – Steam Effective period November 2026 – October 2029 Base rate changes Yr. 1 – $13 million (a) Yr. 2 – $42 million (a) Yr. 3 – $39 million (a) Capital expenditures Yr. 1 – $ 143 million Yr. …
An excerpt of the text as filed with the SEC, cut for length.
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