ED · 10-Q · 2026Q2 · Full report

Aged Customer Receivables

CONSOLIDATED EDISON INC · 2026-08-06 · Importance 81 · Surprise 64 · No source text

At June 30, 2026, CECONY reported $2,898 million of customer receivables, including $1,385 million aged more than 60 days, while O&R reported $119 million, including $31 million aged. CECONY’s aged balance remained substantially above the $408 million recorded in February 2020 before the COVID-19 pandemic. Continued slow recovery of receivables is expected to pressure liquidity, although rate-plan mechanisms provide for deferral and recovery or refund of certain uncollectible expenses and late-payment variances. The Utilities are using flexible payment arrangements, targeted communications, field collectors and strengthened credit and collection procedures to reduce aged balances.

Key facts

• At June 30, 2026, CECONY’s customer accounts receivables balance was $2,898 million, including aged accounts receivables of $1,385 million (balances outstanding in excess of 60 days).
• At December 31, 2025, CECONY’s customer accounts receivables balance was $2,970 million, including aged accounts receivables of $1,427 million (balances outstanding in excess of 60 days).
• At February 28, 2020, CECONY’s customer accounts receivable balances were $1,322 million, including aged accounts receivables of $408 million (balances outstanding in excess of 60 days).
• At June 30, 2026, CECONY's and O&R's customer accounts receivables balances were $2,898 million and $119 million, respectively, including aged accounts receivables (balances outstanding in excess of 60 days) of $1,385 million and $31 million, respectively.
• At June 30, 2026, O&R’s customer accounts receivables balance was $119 million, including aged accounts receivables of $31 million (balances outstanding in excess of 60 days).
• At December 31, 2025, O&R’s customer accounts receivables balance was $120 million, including aged accounts receivables of $27 million (balances outstanding in excess of 60 days).
• Prior to the start of the COVID-19 pandemic, the Utilities’ practice was to write off customer accounts receivables as uncollectible 90 days after the account is disconnected for non-payment or the account is closed during the collection process.

Impact estimates