Consolidated Edison : Summary Information Sheet for CECONY 2025 Electric & Gas Joint Proposal

Summary Information Sheet for CECONY 2025 Electric & Gas Joint Proposal

On November 5, 2025, CECONY, the New York State Department of Public Service and other parties entered into a joint proposal for new electric and gas rate plans for the three-year period January 2026 through December 2028, which is subject to New York State Public Service Commission approval.

Joint Proposal for Three-Year Electric and Gas Rate Plans (2026-2028)

	Electric Case number 25-E-0072				Gas Case number 25-G-0073
($ millions)	Rate Change	Average Rate Base	Capital Investments		Rate Change	Average Rate Base	Capital Investments
Rate Year 1: 2026	$222	$32,935	$4,550		$(46)	$11,485	$1,093
Rate Year 2: 2027	473	35,149	4,474		170	12,050	1,057
Rate Year 3: 2028	329	39,174	4,712		93	12,615	1,065
Total Annual Shaped Bill Impact(a)	2.80%				2.01%

1. The electric base rate changes will be implemented on a shaped basis with corresponding base rate increases of $234 million in Yr. 1; $410 million in Yr. 2; and $421 million in Yr. 3. The gas base rate changes will be implemented on a shaped basis with corresponding base rate increases of $28 million in Yr. 1; $69 million in Yr. 2; and $70 million in Yr. 3. "Total annual shaped bill impact" describes a consistent bill impact percent each year with different annual base rate increase amounts.

   	Electric	Gas
   New infrastructure investment	$300	$35
   Financing (Return on Equity/Interest)	54	19
   Property taxes	147	(1)
   Sales	(60)	(24)
   Amortization of deferrals	(311)	(72)
   Pension and OPEB	142	(10)
   Operating expenses	58	51
   Depreciation expense	(23)	28
   Other operating revenues and Other taxes	(85)	(72)
   Total Rate Increase/Decrease	$222	$(46)

   Key Drivers of Proposed Year 1 Rate Change ($ millions) Proposed Rate of Return and Equity Ratio

   Return on equity 9.40%

   Equity ratio 48%

   Other Major Provisions

   • True-up of costs of pension and other post-employment benefits (OPEBs), property taxes, environmental remediation, variable-rate debt

   • Reconciliation of municipal infrastructure support costs, storms (electric), uncollectibles, and late payment charges with a sharing threshold

   • Surcharge/surcredit for storms, uncollectible expenses, late payment charges, and property taxes to prevent the build-up of large deferrals

   • Continuation of the revenue decoupling mechanism for electric and gas services

   • Continuation of provision for recovery of cost of purchased power, gas, and fuel

   • Continuation of earnings opportunities from Earnings Adjustment Mechanisms (EAM) for meeting energy efficiency goals and other potential incentives

For more information, please see Rate Plan Information | Consolidated Edison, Inc. (conedison.com) or contact Con Edison Investor Relations:

Jan Childress: 212-460-6611 or [e-mail] Caroline Elsasser: 646-874-4140 or [e-mail]

Allison Duignan: 914-589-8667 [e-mail]