Con Edison subsidiary O&R files joint proposal for 3-yr rate plan (2025-27) with NYSPSC

CONSOLIDATED EDISON INC

Electric base rate changes: Yr1 -$13.1M (net), Yr2 +$24.8M, Yr3 +$44.1M; implemented as no change Yr1, +$17.7M Yrs 2&3.
Gas base rate changes: Yr1 +$3.6M, Yr2 +$18.0M, Yr3 +$16.5M; implemented as +$10.4M each year.
Authorized ROE 9.75%; earnings sharing above 10.25% threshold; WACC ~7.25%-7.31%.
Capital investments: Electric $311M/$349M/$315M; Gas $121M/$127M/$110M for Yrs 1-3.
Negative revenue adjustments up to $7.6M-$11.5M (electric) and $8.4M-$11.1M (gas) if performance targets missed.

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