CONSOLIDATED EDISON INC (ED) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that CONSOLIDATED EDISON INC surfaced in its latest filing.

• NYSPSC ordered state-wide audit of non-executive incentive compensation programs in February 2025February 2025
• In 2023, CECONY and O&R each completed a climate change vulnerability study and developed a climate change resilience plan to address projected physical climate risks and outline proposed resilience investments2023
• The Utilities estimate that their capital expenditures will exceed $37,100 million over the next five years
• Dividends from Utilities to Con Edison are limited by the NYSPSC to not more than 100 percent of their respective income available for dividends calculated on a two-year rolling average basis, with certain exceptions
• CECONY may be impacted by New York’s CLCPA and New York City’s Climate Mobilization Act, with compliance expected to require significant capital expenditures
• The Companies have experienced cyber incidents in the past, including threat actors exploiting a vulnerability in their information technology system, malicious attempts to disrupt traffic to their websites, and attacks against third-party vendors
• In 2023, CECONY and O&R each completed a climate change vulnerability study and developed a climate change resilience plan2023
• FERC can impose penalties for violations of Federal Power Act, Natural Gas Act, or related reliability and cybersecurity rules