---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-141869"
form_type: "8-K"
ticker: "ED"
cik: "0001047862"
company_name: "CONSOLIDATED EDISON INC"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T14:18:27.322623+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NY PSC denies Con Ed subsidiary's petition to capitalize $88M in billing system costs above cap

## Summary
- PSC denied CECONY's April 2023 petition to capitalize costs exceeding $421M cap for new customer billing system.
- Total system costs ~$509M; $88M above cap. Q2 2024: CECONY to expense ~$50M previously capitalized plus $38M reserve.
- CECONY believes costs justified, reviewing order and considering options.

## SEC filing metadata
- accession: 0001193125-24-141869
- form_type: 8-K
- ticker: ED
- cik: 0001047862
- company_name: CONSOLIDATED EDISON INC
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047862/000119312524141869/0001193125-24-141869-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23632/000119312524141869/d841645d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-141869
- JSON: https://secwatch.observer/filing/0001193125-24-141869.json
- Plain text: https://secwatch.observer/filing/0001193125-24-141869.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.