Highest-materiality recent filing
CECONY issues $1.3B in debentures: $450M at 5.15% due 2036, $850M at 5.875% due 2056
CECONY entered underwriting agreement on June 1, 2026 for $450M 5.15% Debentures Series 2026A (due 2036).
Con Edison stockholders elect all 11 directors, ratify auditor, approve say-on-pay
All director nominees received majority support; highest vote against was Michael W. Ranger (34.4M against).
Con Edison establishes $2B at-the-market equity distribution program
Entered equity distribution agreement with 11 sales agents to sell up to $2B of common shares.
GAAP net income $924M ($2.55 EPS) vs $791M ($2.26 EPS) in Q1 2025.
Con Edison enters $3.5B revolving credit facility, terminates prior agreements
$3.5 billion revolving credit facility with Bank of America as administrative agent, dated March 11, 2026.
Con Edison enters forward sale agreement for 7M shares at $110.81 via JPMorgan
Forward sale agreement with JPMorgan covers 7,000,000 Common Shares at initial forward price of $110.81 per share.
Con Edison FY 2025 adj. EPS $5.70, FY 2026 guidance $6.00-$6.20; 52nd straight dividend increase
FY 2025 GAAP net income $2,023M ($5.66/sh) vs $1,820M ($5.26/sh) in 2024; adjusted $2,038M ($5.70/sh).
CECONY enters $500M 364-day term loan to repay maturing facility
CECONY borrowed $500M on Nov 24, 2025 under a 364-day senior unsecured term loan credit agreement.
Con Edison subsidiary agrees to sell 6.6% interest in Mountain Valley Pipeline for $357.5 million
Con Edison subsidiary entered a purchase and sale agreement to sell its ~6.6% stake in Mountain Valley Pipeline, LLC to an Ares Management fund.
CECONY issues $900M of 5.75% debentures due 2055
CECONY sold $900M aggregate principal of 5.75% Debentures, Series 2025 A, maturing 2055.
Con Edison Q3 adjusted EPS $1.90 vs $1.68 a year ago; narrows FY guidance to $5.60-$5.70
Net income $688M ($1.91 GAAP EPS) vs $588M ($1.70) in Q3 2024.
CECONY files 2026-2028 electric and gas rate plan Joint Proposal with NYSPSC
Electric base rate increases: Yr1 $222M, Yr2 $473M, Yr3 $329M; shaped bill impact 2.80% yearly.
Con Edison Q2 net income $246M ($0.68 EPS), up 22% YoY; reaffirms FY guidance
Net income $246M ($0.68/share) vs $202M ($0.58) in Q2 2024; adjusted EPS $0.67 vs $0.59.
Con Edison elects Brendan Cavanagh to board, effective Oct 1, 2025
Brendan Cavanagh, President & CEO of SBA Communications, elected to Con Edison board.
Con Edison shareholders re-elect all 10 directors, ratify PwC, approve say-on-pay
All 10 director nominees elected; votes for ranged from 217.9M to 238.8M shares.
Con Edison Q1 net income $791M ($2.26 EPS) vs $720M ($2.08) YoY; reaffirms FY adj. EPS $5.50-5.70
Q1 2025 reported EPS $2.26 vs $2.08 YoY; adjusted EPS $2.26 vs $2.15.
Con Edison subsidiary CECONY enters $500M 364-day revolving credit facility
CECONY secured a $500M unsecured revolving credit facility maturing March 23, 2026.
Con Edison enters underwriting agreement to sell 6.3M common shares via Barclays
Offering of 6,300,000 common shares, $0.10 par value, under existing S-3 shelf registration.
Con Edison reports 2024 adjusted EPS $5.40, guides 2025 adjusted EPS $5.50-$5.70
Full-year 2024 net income $1,820M ($5.26/share) vs $2,519M ($7.25/share) in 2023; adjusted earnings $1,868M ($5.40/share) vs $1,762M ($5.07/share).
Con Edison enters forward sale for 7M shares at initial $96.66 per share
Forward sale agreement with JPMorgan Chase to potentially issue 7,000,000 common shares; initial forward price $96.66.
CECONY (Con Edison subsidiary) enters $700M credit facility, borrows $500M immediately
CECONY borrowed $500M on Nov 25, 2024 under a $700M 364-day delayed draw term loan.
CECONY issues $1.45B of debentures in three series (floating, 5.125%, 5.50%)
$350M floating rate debentures, Series 2024 C, due 2027.
Con Edison subsidiary O&R files joint proposal for 3-yr rate plan (2025-27) with NYSPSC
Electric base rate changes: Yr1 -$13.1M (net), Yr2 +$24.8M, Yr3 +$44.1M; implemented as no change Yr1, +$17.7M Yrs 2&3.
Con Edison Q3 adj. EPS $1.68 beats prior year; FY guidance narrowed to upper half $5.30-$5.40
Q3 net income $588M ($1.70 GAAP EPS) vs $526M ($1.53) YoY; adjusted EPS $1.68 vs $1.62.
Con Edison calls $224.6M of tax-exempt bonds for Nov 25 redemption
Aggregate principal $224.6M called at 100% of par plus accrued interest, redemption date November 25, 2024.
Con Edison Q2 GAAP EPS $0.58 vs $0.65 YoY; reaffirms 2024 adjusted EPS guidance $5.20-$5.40
Q2 2024 GAAP net income $202M ($0.58/diluted share) vs $226M ($0.65) in Q2 2023.
Con Edison CFO Hoglund to retire July 8; Kirkland Andrews named successor from Evergy
Robert Hoglund to retire as CFO effective July 8, 2024; will remain SVP until later in 2024 for transition.
Con Edison stockholders approve Stock Purchase Plan; 10M shares authorized
Stockholders approved Stock Purchase Plan at May 20, 2024 annual meeting; term through May 20, 2034.
NY PSC denies Con Ed subsidiary's petition to capitalize $88M in billing system costs above cap
PSC denied CECONY's April 2023 petition to capitalize costs exceeding $421M cap for new customer billing system.
CECONY issues $1.4B in debentures: $400M 5.375% due 2034, $1B 5.70% due 2054
Underwriting agreement signed May 6, 2024 with Citigroup, J.P. Morgan, SMBC Nikko, Wells Fargo.
Con Edison Q1 adjusted EPS $2.15 vs $1.83 YoY; reaffirms FY $5.20-$5.40
Reported net income $720M ($2.08 EPS) vs $1,433M ($4.06 EPS) in Q1 2023; adjusted EPS up 17.5%.
Con Edison and CECONY announced that Kirkland B. Andrews will succeed Mr. Hoglund as Senior Vice President and Chief Financial Officer (principal financial officer), effective July 8, 2024.
On June 4, 2024, Robert Hoglund, Senior Vice President and Chief Financial Officer (principal financial officer) of each of Consolidated Edison, Inc. (“Con Edison”) and Consolidated Edison Company of New York, Inc. (“CECONY”) announced his plan to retire from the role of the Chief Financial Officer on July 8, 2024.
Max materiality 0.75 · Median 0.55 · Most common event debt