ED · 10-Q · 2026Q2

CONSOLIDATED EDISON INC

Filed 2026-08-06 · Utilities

Ranked Events

• Aged Customer ReceivablesImportance 81 · Surprise 64
  At June 30, 2026, CECONY reported $2,898 million of customer receivables, including $1,385 million aged more than 60 days, while O&R reported $119 million, including $31 million aged. CECONY’s aged balance remained…
• Outstanding IndebtednessImportance 69 · Surprise 50
  CECONY issued $1,300 million of long-term debt in June 2026, consisting of $450 million of 5.15% debentures due 2036 and $850 million of 5.875% debentures due 2056. Consolidated long-term debt increased $1,292 million…
• Capital Expenditures ProgramImportance 66 · Surprise 32
  Con Edison utility capital expenditures increased $53 million to $2,473 million for the six months ended June 30, 2026, while CECONY utility capital expenditures increased $13 million to $2,246 million. CECONY’s net…
• Liquidity and Cash PositionImportance 58 · Surprise 56
  Con Edison cash, temporary cash investments, and restricted cash declined to $1,470 million at June 30, 2026 from $1,507 million at December 31, 2025. Consolidated operating cash flow fell $845 million year over year…
• Interest Rate EnvironmentImportance 52 · Surprise 56
  Con Edison states that inflationary pressure and higher interest rates have increased the capital required by its Utilities and the cost of that capital. The company had $721 million of commercial paper outstanding at…
• Net Income and EPS PerformanceImportance 49 · Surprise 66
  Con Edison’s second-quarter net income for common stock increased $62 million, or 25.2%, to $308 million, and diluted EPS increased from $0.68 to $0.83. Six-month net income rose $194 million, or 18.7%, to $1.232…
• Operating Cash Flow TrendsImportance 48 · Surprise 40
  Con Edison net cash flow from operating activities decreased $845 million for the six months ended June 30, 2026 compared with the 2025 period. The decline primarily reflected a $264 million decrease in accounts…
• Transmission Investment ProgramImportance 46 · Surprise 42
  Con Edison Transmission owns interests in New York Transco transmission projects, including Propel NY Energy, a 90-mile project being developed jointly with the New York Power Authority. New York Transco’s share of…
• Regulatory Climate TargetsImportance 44 · Surprise 60
  In May 2026, New York State amended the Climate Leadership and Community Protection Act through its fiscal year 2026–2027 budget. The amendments extend the NYSDEC deadline for implementing regulations to December 31,…
• Cybersecurity Regulatory ComplianceImportance 44 · Surprise 60
  The NYSPSC adopted cybersecurity regulations for New York utilities in April 2026, effective June 1, 2026, covering CECONY and O&R. The rules require a risk-based cybersecurity program aligned with the NIST…
• State Utility RegulationImportance 44 · Surprise 60
  New York enacted Chapter 58 of the Laws of 2026 in May as part of the Fiscal Year 2026–2027 budget. For utility base-rate filings submitted after January 1, 2027, the law requires a budget-constrained alternative…
• Mountain Valley Pipeline DivestitureImportance 41 · Surprise 60
  Con Edison Transmission completed the sale of its approximately 6.6% equity interest in Mountain Valley Pipeline during the first quarter of 2026. The MVP sale generated a $134 million after-tax gain, or $0.37 per…
• Revenue Performance and MixImportance 41 · Surprise 22
  CECONY’s second-quarter operating revenues increased $465 million, or 13.9%, to $3.805 billion from $3.340 billion in 2025. Electric revenue rose $353 million, or 13.7%, to $2.934 billion, driven primarily by $185…
• CAMT Tax RegulationImportance 40 · Surprise 42
  Con Edison accrued a $72 million corporate alternative minimum tax liability at June 30, 2026, including $68 million attributable to CECONY, before general business credits. Retroactive IRS and Treasury guidance…
• Electric Reliability NeedsImportance 37 · Surprise 42
  NYISO’s July 2026 reliability assessment continued to identify near-term reliability needs in New York City for 2026–2030, dependent on planned transmission and generation projects and demonstrated capability from the…
• Trade Policy and TariffsImportance 35 · Surprise 60
  In February 2026, the U.S. Supreme Court held that tariffs imposed under the International Emergency Economic Powers Act on U.S. imports were unauthorized, while leaving unresolved whether previously collected duties…
• Customer-Sited Energy StorageImportance 31 · Surprise 42
  In April 2026, the New York State Public Service Commission approved modifications to utilities’ Dynamic Load Management programs and updated reporting requirements. The order authorizes CECONY to add a Bring Your Own…
• Steam Demand TrendsImportance 30 · Surprise 40
  CECONY steam deliveries increased 2.4% to 10,604 million pounds in the six months ended June 30, 2026. Volume growth was led by General customers, whose deliveries increased 17.0%, while Annual Power deliveries…
• Gas Demand TrendsImportance 30 · Surprise 40
  CECONY gas deliveries increased 3.3% to 175,858 thousand dekatherms, driven by NYPA volumes up 11.6%, generation-plant volumes up 7.7%, and residential volumes up 4.1%. Weather-adjusted firm gas sales and…
• Electric Delivery DemandImportance 30 · Surprise 40
  CECONY’s six-month electric deliveries increased 2.1% to 26,048 million kWh, with Residential/Religious volumes up 14.4% and Commercial/Industrial volumes up 2.3%, partly offset by a 3.1% decline in retail choice…

Revenue by Product (in millions)