ED · 10-Q · 2026Q3 · Full report

Operating Expense Trends

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 42 · Surprise 40

CECONY’s taxes other than income taxes increased $231 million to $2,948 million for the nine months ended September 30, 2026, including a $119 million increase in property taxes. CECONY electric purchased power expense rose $291 million, reflecting $249 million of higher purchased volumes and $42 million of higher unit costs. Gas purchased for resale increased $43 million, primarily because unit costs rose $87 million, partly offset by $44 million of lower purchased volumes. CECONY electric operations and maintenance expense decreased $66 million, primarily due to $52 million of lower pension and postretirement benefit costs.

Key facts

• CECONY’s three-month 2026 taxes other than income taxes increased $50 million, primarily due to $29 million higher state and local revenue taxes, $20 million higher property taxes, and $8 million lower deferral of under-collected property taxes. source
• CECONY’s income taxes increased $54 million in the three months ended September 30, 2026, including $35 million due to higher pretax income and $13 million due to lower uncollectible-account write-offs. source
• CECONY’s three-month 2026 other operations and maintenance expenses decreased $31 million, primarily because pension and postretirement benefit costs fell $17 million, health-care costs fell $10 million, and electric maintenance activities fell $2 million. source
• CECONY’s net interest expense increased $8 million in the three months ended September 30, 2026, primarily reflecting $31 million higher long-term-debt interest due to increased debt balances. source