ED · 10-Q · 2026Q3 · Full report

Gowanus Canal Superfund Litigation

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 47 · Surprise 60 · In source text

In July 2026, New York City asserted a crossclaim against CECONY under the federal Comprehensive Environmental Response, Compensation, and Liability Act of 1980 in the pending Gowanus Canal Superfund litigation. The City alleges that releases from certain CECONY facilities contributed to contamination and seeks reimbursement of its response costs and other relief. The City reports approximately $710 million in response costs and estimates total project costs of approximately $1.7 billion; CECONY says it cannot estimate its total exposure.

Key facts

• New York City alleges it had incurred approximately $710 million in Gowanus Canal response costs as of the filing date and estimates total project costs of approximately $1,700 million. source
• In July 2026, New York City asserted a crossclaim against CECONY under CERCLA in the pending Gowanus Canal Superfund litigation initiated by National Grid NY in October 2024. source
• New York City alleges releases of hazardous substances from certain CECONY facilities caused the City to address Gowanus Canal contamination by constructing combined sewer overflow retention tanks, and seeks reimbursement of costs and other relief from CECONY and National Grid NY. source
• CECONY is unable to estimate its total exposure to liability for the Gowanus Canal Superfund Site. source

Impact estimates