ED · 10-Q · 2026Q3 · Full report

CAMT Tax Regulation

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 46 · Surprise 42

At September 30, 2026, Con Edison accrued a $16 million CAMT liability before general business credits, including $15 million for CECONY, with an offsetting deferred tax asset for the minimum-tax-credit carryforward. After adopting IRS and Treasury interim guidance in the first nine months of 2026, Con Edison reduced its CAMT credit carryforward by $205 million and increased its general business tax credit carryforward by approximately $154 million. The guidance is retroactive to 2024 and is also expected to reduce future CAMT liabilities.

Key facts

• In the nine months ended September 30, 2026, Con Edison reduced its CAMT credit carryforward by $205 million ($213 million for CECONY) and increased its general business tax credit carryforward by approximately $154 million after adopting interim guidance for 2024 and 2025. source
• At September 30, 2026, Con Edison accrued a CAMT liability of $16 million, of which $15 million was for CECONY, before general business credits. source
• The CAMT imposes a 15 percent tax on modified GAAP net income. source