Consolidated Edison, Inc.

Filing receipts

“Net Interest Expense Net interest expense decreased $7 million in the three months ended March 31, 2026 compared with the 2025 period primarily due to lower other interest expense ($20 million), offset in part by higher interest on long-term debt resulting from increased debt balances ($12 million).”

“The change in net cash flows for Con Edison primarily reflects: • lower net deferred credits, noncurrent liabilities and other regulatory liabilities of $350 million primarily due to higher recoverable energy costs of $348 million • an increase in prepayments of $137 million • a decrease in accounts payable of $80 million; and • an increase in unbilled revenue and net unbilled revenue deferrals of $38 million.”

“Income Tax Expense Income taxes increased $4 million in the three months ended March 31, 2026 compared with the 2025 period primarily due to lower benefit from the amortization of MTA tax surcredit ($3 million) and lower write-offs of uncollectible accounts ($7 million), offset in part by higher amortization of excess deferred federal income taxes ($4 million) and lower income before income tax expense ($2 million).”