On November 5, 2025, Consolidated Edison said CECONY entered into a Joint Proposal with the New York State Department of Public Service and other parties for CECONY's electric and gas rate plans for the 3-year period from January 2026 through December 2028, subject to approval by the New York State Public Service Commission.

1. 01

   On November 5, 2025, Consolidated Edison said CECONY entered into a Joint Proposal with the New York State Department of Public Service and other parties for CECONY's electric and gas rate plans for the 3-year period from January 2026 through December 2028, subject to approval by the New York State Public Service Commission.

2. 02

   The company said electric base rate changes are $222 million in year 1, $473 million in year 2, and $329 million in year 3, with capital expenditures of $4,550 million in year 1, $4,474 million in year 2, and $4,712 million in year 3.

3. 03

   The company said gas base rate changes are $(46) million in year 1, $170 million in year 2, and $93 million in year 3, with capital expenditures of $1,093 million in year 1, $1,057 million in year 2, and $1,065 million in year 3.

4. 04

   The company said the authorized return on common equity for both electric and gas is 9.40% and the common equity ratio is 48%, with most earnings above an annual earnings threshold of 9.90% to be applied to reduce regulatory assets.

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Original filing

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