Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information

Schedule I

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2025	2024	2023
Equity in earnings of subsidiaries	$2,022	$1,904	$1,759
Other operating and maintenance expenses	(2)	(1)	—
Taxes other than income taxes	(6)	(12)	(2)
Other income (deductions)	—	(14)	7
Interest expense	(9)	(18)	(14)
Income tax benefit (expense)	18	23	(96)
Gain (Loss) on the sale of the Clean Energy Businesses	—	(62)	865
Net Income	$2,023	$1,820	$2,519
Comprehensive Income	$2,009	$1,827	$2,520
Net Income Per Share – Basic	$5.66	$5.26	$7.25
Net Income Per Share – Diluted	$5.64	$5.24	$7.21
Dividends Declared Per Share	$3.40	$3.32	$3.24
Average Number Of Shares Outstanding—Basic (In Millions)	357.4	346.0	347.7
Average Number Of Shares Outstanding—Diluted (In Millions)	358.7	347.3	349.3

(a)These condensed financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)(b)

Condensed Statement of Cash Flows

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars)	2025	2024	2023
Net Cash Flows From Operating Activities	$1,192	$1,204	$772
Investing Activities
Contributions to subsidiaries	(1,410)	(175)	(1,854)
Proceeds from sale of Broken Bow II, net of cash and cash equivalents sold	45	—	—
Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold	—	—	3,927
Net Cash Flows From (Used In) Investing Activities	(1,365)	(175)	2,073
Financing Activities
Net issuance (payment) of short-term debt	(33)	9	57
Borrowing under term loan	—	—	200
Repayment under term loan	—	—	(600)
Retirement of long-term debt	—	—	(650)
Common stock dividends	(1,166)	(1,100)	(1,096)
Issuance of common shares for stock plans, net of repurchases	64	60	56
Issuance of common shares - public offering	1,308	—	—
Repurchase of common shares	—	—	(1,000)
Net Cash Flows From (Used In) Financing Activities	173	(1,031)	(3,033)
Net Change for the Period	—	(2)	(188)
Balance at Beginning of Period	1	3	191
Balance at End of Period	$1	$1	$3

(a)These condensed financial statements, in which Con Edison's subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

(b)Con Edison received cash dividends from the Utilities and Con Edison Transmission of $1,209 million, $1,145 million, and $1,122 million in 2025, 2024 and 2023, respectively

Condensed Financial Information of Consolidated Edison, Inc. (a) (b)

Condensed Balance Sheet

(Parent Company Only)

	December 31,
(Millions of Dollars)	2025	2024
Assets
Current Assets
Cash and temporary cash investments	$1	$1
Other receivables, net allowance for uncollectible accounts	—	64
Tax receivable	11	145
Accounts receivable from affiliated companies	48	24
Accrued unbilled revenue	4	3
Prepayments	12	13
Other current assets	4	1
Total Current Assets	80	251
Investments in subsidiaries and others	23,869	21,706
Goodwill	406	406
Pension and retiree benefits - asset	8	6
Other deferred charges and noncurrent assets	204	356
Total Assets	$24,567	$22,725
Liabilities and Shareholders’ Equity
Current Liabilities
Notes payable	$315	$348
Accounts payable	5	17
Accounts payable to affiliated companies	15	14
Accrued taxes	2	2
Accrued taxes to affiliated companies	26	370
Other current liabilities	8	9
Total Current Liabilities	371	760
Other noncurrent liabilities	6	4
Total Liabilities	377	764
Shareholders’ Equity
Common stock, including additional paid-in capital	11,475	10,024
Retained earnings	12,715	11,937
Total Shareholders’ Equity	24,190	21,961
Total Liabilities and Shareholders’ Equity	$24,567	$22,725

(a)These condensed financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

(b)Certain prior period amounts have been reclassified to conform with current period presentation.