ED · 10-Q · 2026Q3 · Full report

Capital Expenditures Program

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 60 · Surprise 40 · Contradicted

Con Edison utility capital expenditures were $4,051 million for the nine months ended September 30, 2026, up $591 million from the 2025 period. CECONY utility capital expenditures increased $502 million to $3,671 million, contributing to its $484 million increase in investing cash outflows. Con Edison estimated capital requirements of $7,489 million for 2027, $7,877 million for 2028, and $8,546 million for 2029. The estimates were reduced to reflect proposed steam-plan capital expenditure decreases of $50 million, $75 million, and $97 million in those respective years.

Key facts

• Con Edison decreased its estimated capital requirements for 2027, 2028 and 2029 to $7,489 million, $7,877 million and $8,546 million, respectively. source
• The 2027, 2028 and 2029 capital requirement estimates were reduced to reflect CECONY capital requirement decreases of $50 million, $75 million and $97 million, respectively, for capital expenditures included in the September 2026 steam joint proposal, which is subject to NYSPSC approval. source
• Con Edison’s utility capital expenditures were $4,051 million for the nine months ended September 30, 2026, compared with $3,460 million in 2025, an increase of $591 million. source
• CECONY utility capital expenditures were $3,671 million for the nine months ended September 30, 2026, compared with $3,169 million in 2025, an increase of $502 million. source
• Con Edison’s net cash flows used in investing activities were $269 million higher for the nine months ended September 30, 2026 than in 2025, primarily reflecting a $591 million increase in utility capital expenditures and $45 million of prior-year Broken Bow II sale proceeds. source

Impact estimates