ED · 10-Q · 2026Q2 · Full report

Capital Expenditures Program

CONSOLIDATED EDISON INC · 2026-08-06 · Importance 66 · Surprise 32

Con Edison utility capital expenditures increased $53 million to $2,473 million for the six months ended June 30, 2026, while CECONY utility capital expenditures increased $13 million to $2,246 million. CECONY’s net plant increased $1,548 million from December 31, 2025, including increases of $1,305 million in electric plant, $269 million in gas plant, and $30 million in steam plant. CECONY also increased construction work in progress by $212 million, partially offset by $426 million of accumulated depreciation. Utility capital expenditures are recovered through rate plans, but temporarily increase short-term borrowing needs before long-term financing.

Key facts

• Net plant at June 30, 2026 for Con Edison consolidated was $57,104 million versus $55,403 million at December 31, 2025; for CECONY net plant was $53,409 million versus $51,861 million, an increase of $1,548 million for CECONY driven by electric $1,305 million, gas $269 million, steam $30 million and general $157 million increases.