ED · 10-Q · 2026Q3 · Full report

Utility Load Demand Trends

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 46 · Surprise 56 · In source text

CECONY serves approximately 3.7 million electric customers in New York City and most of Westchester County; its 2026 summer peak was 12,178 MW, and its five-year average annual summer peak forecast increased from 0.7% to 0.8%. O&R’s 2026 summer peak was 1,604 MW, while its five-year electric peak growth forecast was revised down from 4.1% to 2.6%, primarily due to lower electric-vehicle adoption expectations and fewer large-load interconnection requests. CECONY’s five-year firm peak gas forecast shifted to a 0.2% decrease, while O&R’s gas peak forecast growth was reduced from 1.2% to 0.7%. CECONY’s five-year peak steam demand forecast shifted from a 0.9% decrease to a 0.7% decrease; its adjusted steam deliveries in the third quarter declined 7.8% year over year.

Key facts

• In October 2026, O&R revised its five-year design-condition average annual summer peak electric demand growth forecast from 4.1% for 2026–2030 to 2.6% for 2027–2031; lower growth primarily reflected reduced EV adoption outlook and fewer large-load interconnection requests. source
• In June 2026, O&R revised its five-year design-condition average annual firm peak gas demand growth forecast from 1.2% for 2026–2030 to 0.7% for 2027–2031. source
• The Utilities expect electric usage to increase and gas and steam usage to decrease in their service territories as decarbonization laws and policies are implemented. source
• In October 2026, CECONY revised its five-year design-condition average annual summer peak electric demand growth forecast from 0.7% for 2026–2030 to 0.8% for 2027–2031. source
• In June 2026, CECONY revised its five-year design-condition average annual firm peak gas demand forecast from a 0.2% increase for 2026–2030 to a 0.2% decrease for 2027–2031. source
• In June 2026, CECONY revised its five-year average annual peak steam demand forecast from a 0.9% decrease for 2026–2030 to a 0.7% decrease for 2027–2031. source
• The October 2026 New York utilities filing identifies investments intended to support projected load growth associated with transportation electrification, building electrification, economic development and distributed energy resources. source
• After adjusting primarily for weather and billing days, CECONY electric delivery volumes increased 0.9 percent in the nine months ended September 30, 2026 compared with 2025. source

Impact estimates