ED · 10-Q · 2026Q2 · Full report
Steam Demand Trends
CONSOLIDATED EDISON INC · 2026-08-06 · Importance 30 · Surprise 40 · In source text
CECONY steam deliveries increased 2.4% to 10,604 million pounds in the six months ended June 30, 2026. Volume growth was led by General customers, whose deliveries increased 17.0%, while Annual Power deliveries increased 2.4% and Apartment House deliveries increased 0.6%. After adjustments primarily for weather and billing days, steam sales and deliveries decreased 5.6%, indicating weaker underlying demand despite higher reported deliveries and revenue.
Key facts
- In June 2026, CECONY updated its five-year forecast of average annual peak steam demand at design conditions from a 0.9 percent decrease (for 2026 to 2030) to a 0.7 percent decrease (for 2027 to 2031).
- CECONY’s steam sales and deliveries in the three months ended June 30, 2026 decreased 4.3 percent after adjusting for variations, primarily weather and billing days, compared with the 2025 period.
- CECONY produces and delivers approximately 16,975 MMlb of steam annually to approximately 1,470 customers.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | In June 2026, CECONY updated its five-year forecast of average annual peak steam demand at design conditions from a 0.9 percent decrease… |