secwatch.observer — SEC 8-K summary
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Issuer:     CONSOLIDATED EDISON INC (ED)
CIK:        0001047862
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001193125-24-141869
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047862/000119312524141869/0001193125-24-141869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23632/000119312524141869/d841645d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-141869

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