Con Edison unit CECONY reaches steam rate plan proposal with NY regulators for 2026-2029

• Consolidated Edison’s utility unit Con Edison of New York filed a joint proposal for a three-year steam rate plan starting Nov. 1, 2026.
• Plan targets 3.5% annual total bill impact, with shaped base rate increases of $26.6 million, $27.5 million, $28.5 million.
• Capital spending set at $143 million in year one, $127 million in year two, $126 million in year three.
• Authorized return on common equity set at 9.5%, with a 48% common equity ratio in the capital structure.
• Proposal awaits New York Public Service Commission decision; any delayed billing shortfall would be recovered through a surcharge.

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