secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001047862-24-000075
Event type: regulatory
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000104786224000075/0001047862-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047862/000104786224000075/ed-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001047862-24-000075

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