-- Consolidated Edison (ED), a regulated utility serving the New York Metropolitan Area, said Thursday it expects robust capital expenditures and rate base growth rates through 2030, alongside accelerating electrification trends across its service territory.
The company sees total capital expenditures rising to $6.6 billion in 2026, going all the way up to $8.8 billion by 2030.
Its rate base, which essentially refers to the total value of its assets, on which utilities are permitted to earn a regulated rate of return, is expected to increase from $47.1 billion in 2025 to $50.7 billion in 2026 and $71.8 billion by 2030, representing a five-year compound annual growth rate of roughly 8.8%.
Consolidated Edison attributed this to accelerating electrification across its service territory, which is primarily the New York Metropolitan region.
It noted that new buildings coming online are now requesting electric capacity that is 20% to 25% higher than historical levels as customers increasingly shift toward electric heating and transportation.
The company said it installed 20 megawatts of fast-charging capacity across the territory in 2025, marking an 18% increase from 2024 levels, while its medium- and heavy-duty Make-Ready programs are already supporting the electrification of more than 500 trucks and buses.