CECONY reaches joint steam rate plan proposal for 2026-2029 with NYSDPS

CONSOLIDATED EDISON INC

Base rate increases: $13M Yr1, $42M Yr2, $39M Yr3; shaped bill impact 3.5% annually.
Authorized ROE 9.5%; common equity ratio 48%; WACC 7.07%-7.19% over plan.
Capital expenditures: $143M Yr1, $127M Yr2, $126M Yr3; rate base grows to $2,311M.
Earnings above 10% threshold shared to reduce regulatory assets; negative revenue adjustments up to $4.7M.
Plan subject to NYSPSC approval; new rates effective Nov 1, 2026 with surcharge for timing.

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