Consolidated Edison Proposes New Steam Rate Plan

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(CECONY) announced a joint proposal for a new steam rate plan for the period November 1, 2026, through October 31, 2029. The proposal, which is subject to approval by the New York State Public Service Commission (NYSPSC), includes base rate changes, capital expenditures, and weather normalization adjustments. If approved, the new rates will be effective November 1, 2026, with a consistent total bill impact of 3.5% each year.

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About Consolidated Edison Inc.

Consolidated Edison Inc. is a prominent utility company responsible for the delivery of energy services in the northeastern United States. Its primary function is the transmission of electricity and natural gas, as well as steam service, primarily serving the densely populated New York metropolitan area. Notably, it operates through its principal subsidiaries such as Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc., ensuring reliable energy provisions to millions of residents and businesses. The company is a key player in the energy sector, influencing regional economic activities and supporting essential services through its infrastructure. Consolidated Edison also focuses on advancements in renewable energy initiatives, playing an integral part in regional efforts to transition to sustainable energy solutions. Its prominence in delivering consistent energy supplies makes it a critical component in the market, directly impacting energy policy and regional economic stability.