CONSOLIDATED EDISON INC — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 22/100
What the filing says
ConEd amended its Retirement Plan effective January 1, 2027, increasing the monthly pension supplemental payment for O&R (Operations & Renewable) participants aged 60–62 from $1,200 to $1,350 (12.5% increase). The amendment also implements two pivot-year updates for O&R hourly and management participants retiring on or after January 1, 2027 and 2030, per the 2026–2031 Memorandum of Understanding with Local Union 503 of the International Brotherhood of Electrical Workers. No aggregate dollar cost or participant count is disclosed in this exhibit.
Why this rating
Routine pension plan amendment tied to union contract. No cost quantified; affects only O&R defined-benefit participants, likely small subset of 35K+ ConEd workforce. Immaterial to $36.2B company.
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