ED · 10-Q · 2026Q3 · Full report

Regulatory Climate Targets

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

In May 2026, New York amended the Climate Leadership and Community Protection Act (CLCPA) as part of the state’s fiscal year 2026–2027 budget. The amendments extend the NYSDEC’s deadline to issue implementing regulations to December 31, 2028 and direct it to consider feasibility, affordability, economic competitiveness and reliability. They replace the 2030 interim emissions reductions with a target of 60 percent below 1990 levels by 2040, while retaining the statutory target of an 85 percent reduction by 2050 and leaving renewable energy targets unchanged. The Utilities said they cannot predict the law’s impact.

Key facts

• New York enacted CLCPA amendments in May 2026 extending the deadline for NYSDEC implementing regulations to December 31, 2028 and replacing the 2030 emissions reduction target with a 60 percent reduction from 1990 levels by 2040; the 85 percent reduction by 2050 requirement and renewable energy targets were unchanged. source
• The CLCPA amendments replace the 2030 emissions reductions with a target of reducing emissions 60 percent from 1990 levels by 2040, while retaining the statutory target of an 85 percent reduction below 1990 levels by 2050 and leaving renewable energy targets unchanged. source

Impact estimates