Consolidated Edison Inc SEC Filings

Consolidated Edison Company of New York, Inc. entered into a $500 million 364-day senior unsecured term loan credit agreement on November 24, 2025 and immediately borrowed the full amount. The proceeds were used to repay a portion of its unsecured term loan facility due November 2025, effectively refinancing short-term debt.

The agreement includes covenants requiring CECONY’s ratio of consolidated debt to consolidated total capital not to exceed 0.65 to 1, and limiting liens or other encumbrances on its assets to no more than 10 percent of consolidated net tangible assets. Events of default also cover missed payments, covenant breaches, and cross‑defaults or accelerations on other material financial obligations exceeding $150 million.

Consolidated Edison Company of New York, Inc., a subsidiary of Consolidated Edison, Inc., reported that on November 17, 2025 it entered into an underwriting agreement to sell $900 million aggregate principal amount of its 5.75% Debentures, Series 2025 A due 2055. The debentures are long-term debt securities that bear interest at 5.75% and mature in 2055, providing the company with additional fixed-rate funding. These debentures were registered under the Securities Act of 1933 pursuant to an existing shelf Registration Statement on Form S-3 (No. 333-281192), which was declared effective on August 1, 2024.

Consolidated Edison, Inc. filed an 8‑K stating it is furnishing a press release and an earnings release presentation covering its results of operations for the three and nine months ended September 30, 2025. These materials are provided under Item 2.02 and are included as Exhibits 99.1 (press release) and 99.2 (presentation), with Exhibit 104 containing the cover page iXBRL data.

The filing indicates that detailed financial and operational updates for the period are contained in the furnished exhibits. The company’s common shares trade on the New York Stock Exchange under the symbol ED.

Consolidated Edison, Inc. (ED) reported higher Q3 2025 results, with total operating revenues of $4,530 million versus $4,092 million in Q3 2024. Electric revenue led at $4,040 million (Q3 2024: $3,669 million), with Gas at $433 million and Steam at $56 million.

For the nine months ended September 30, 2025, total operating revenues were $12,924 million versus $11,587 million in the prior-year period. Year‑to‑date, Electric reached $9,718 million, Gas $2,686 million, Steam $517 million, and Non‑utility $3 million.

Key Q3 operating expenses included purchased power of $905 million (Q3 2024: $743 million), fuel of $40 million ($27 million), gas purchased for resale of $113 million ($67 million), other operations and maintenance of $965 million ($986 million), and depreciation and amortization of $586 million ($550 million). Shares outstanding were 360,935,608 as of October 31, 2025.

Con Edison (ED) and CECONY announced a Joint Proposal with New York regulators and other parties for new electric and gas rate plans covering January 2026–December 2028, subject to NYSPSC approval. For electric, customer bills would reflect a shaped annual impact of 2.80%, tied to base rate increases of $234 million in Yr. 1, $410 million in Yr. 2, and $421 million in Yr. 3. Planned electric capital expenditures are $4,550 million, $4,474 million, and $4,712 million across the three years. The plan sets an authorized ROE of 9.40%, common equity ratio of 48%, and after‑tax WACC ranging from 6.98% to 7.10%. Earnings above 9.90% would be applied to reduce certain regulatory assets.

For gas, the shaped bill impact would be 2.01% annually, with base rate increases of $28 million, $69 million, and $70 million for Yrs. 1–3, and capital expenditures of $1,093 million, $1,057 million, and $1,065 million. The proposal continues revenue decoupling and pass‑through recovery for purchased power, fuel, and gas costs, and includes defined reconciliations for items such as property taxes, pensions/OPEB, major storms, and environmental remediation. If approval timing delays billing, the shortfall would be recovered via surcharge with a carrying charge.

BlackRock, Inc. reports ownership of 36,307,664 shares of Consolidated Edison Inc., representing 10.1% of the outstanding common stock. The filing shows sole voting power over 33,513,706 shares and sole dispositive power over 36,307,664 shares. The Schedule 13G/A states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing lists BlackRock's address as 50 Hudson Yards, New York, NY and is signed by Managing Director Spencer Fleming on 10/03/2025. Exhibit references include a Power of Attorney and an Item 7 exhibit identifying relevant subsidiaries.

Brendan Thomas Cavanagh, a director of Consolidated Edison, Inc. (ED), reported an acquisition on 10/01/2025 of 1,010 Deferred Stock Units (DSUs) at a reported price of $98.17 per share. The filing states each DSU represents one share of common stock and reflects a pro‑rata portion of his annual equity award under the company’s Long Term Incentive Plan granted when he joined the board. After the transaction Mr. Cavanagh directly beneficially owns 1,010 shares and holds additional indirect ownership of 65 and 20 shares through LLCs and trusts described in the form.

Brendan Thomas Cavanagh filed an Initial Statement of Beneficial Ownership reporting his relationship to Consolidated Edison Inc. (ED) as a Director. The event date is 10/01/2025. The filing shows indirect ownership of 65 shares of common stock held by an LLC for the benefit of his spouse and indirect ownership of 20 shares held by an LLC majority owned by a trust for which he is trustee, for a combined 85 shares beneficially owned. The filing notes his managerial role in one LLC and his trustee role in the other. The form was signed by an attorney-in-fact on 10/02/2025.

Michael W. Ranger, a director of Consolidated Edison, Inc. (ED), acquired 484.978 Deferred Stock Units (DSUs) on 09/30/2025 at an attributed price of $100.52 per share as an election in lieu of the quarterly board retainer. Each DSU represents one share of common stock. After the transaction, the reporting person beneficially owned 96,480.845 shares/DSUs. The filing also notes 838.763 DSUs were added on 09/15/2025 under the Plan's dividend reinvestment provision. The Form 4 was signed on 10/02/2025 by an attorney-in-fact.