8-KItem 8.01 · Other Events
Con Edison, New York regulators reach proposed three-year steam rate plan
Filed with the SEC on · Summarized by InvestorsBot
Consolidated Edison’s New York utility, CECONY, and the New York State Department of Public Service reached a proposed steam rate plan covering November 1, 2026, through October 31, 2029, subject to approval by the New York State Public Service Commission. The plan calls for shaped customer bill impacts of 3.5% annually, capital spending of $143 million, $127 million and $126 million across the three years, and a 9.5% authorized return on common equity, while allowing penalties of up to $4.3 million, $4.5 million and $4.7 million if performance targets are missed.