Consolidated Edison (ED) risk factors, FY2024 10-K

Consolidated Edison's FY2024 10-K, filed Feb 20, 2025, lists 17 risk factors in 5 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
175 groups
Section length
3k wordsItem 1A

Consolidated Edison's biggest risks in the FY2024 10-K

  • Regulation and rate-setting dominate, affecting cost recovery, penalties, and returns for the Utilities.
  • Infrastructure resilience, cyber threats, climate change, and supply-chain constraints threaten essential utility operations.
  • The Utilities expect more than $37.2 billion in five-year capital expenditures, increasing dependence on capital-market access.

The risks most specific to Consolidated Edison

  • Regulatory/Compliance Risks

    The Companies Are Extensively Regulated And May Be Subject To Substantial Penalties

    Federal, state, and local regulation requires permits and exposes the Utilities to penalties or unrecovered costs.

  • Regulatory/Compliance Risks

    The Utilities’ Rate Plans May Not Provide A Reasonable Return

    Approved rate plans limit customer charges and may not recover the Utilities’ service costs or provide the expected return on equity.

  • Operations Risks

    The Failure Of, Or Damage To, The Companies’ Facilities Could Adversely Affect The Companies

    Damage or failure at electricity, gas, and steam facilities near densely populated areas could disrupt service and harm the Companies.

  • Operations Risks

    A Cyber Attack Could Adversely Affect The Companies

    Cyber attacks could disrupt information systems and network infrastructure needed to operate critical energy infrastructure.

  • Environmental Risks

    The Companies Are Exposed To Risks From The Environmental Consequences Of Their Operations, Including Increased Costs Related To Climate Change

    Climate change may create physical risks requiring adaptation and resilience investments by CECONY and O&R.

  • Financial and Market Risks

    The Companies Require Access To Capital Markets To Satisfy Funding Requirements

    The Utilities’ planned capital expenditures exceed $37.2 billion over five years, requiring internally generated funds, equity, and external borrowing.

  • Financial and Market Risks

    A Disruption In The Wholesale Energy Markets, Increased Commodity Costs Or Failure By An Energy Supplier or Customer Could Adversely Affect The Companies

    Wholesale energy-market disruptions, higher commodity costs, or supplier and customer failures could affect electricity and gas sales.

  • Other Risks

    The Companies Face Risks Related To Supply Chain Disruptions, Inflation and the Imposition of Tariffs

    Shortages and higher costs for materials, equipment, labor, and other resources could disrupt the Utilities’ electric transmission and distribution operations.

  • Other Risks

    The Companies Also Face Other Risks That Are Beyond Their Control

    Weather, energy-efficiency efforts, terrorism, war, and physical attacks could change demand, commodity prices, or damage facilities.

All 17 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Information in any item of this report as to which reference is made in this Item 1A is incorporated by reference herein. The use of such terms as “see” or “refer to” shall be deemed to incorporate at the place such term is used the information to which such reference is made
  2. 02The Companies’ businesses are influenced by many factors that are difficult to predict, that may be beyond their control and that involve uncertainties that may materially affect actual operating results, cash flows and financial condition

Regulatory/Compliance Risks

  1. 03The Companies Are Extensively Regulated And May Be Subject To Substantial Penalties
  2. 04The Utilities’ Rate Plans May Not Provide A Reasonable Return
  3. 05The Companies May Be Adversely Affected By Changes To The Utilities’ Rate Plans

Operations Risks

  1. 06The Failure Of, Or Damage To, The Companies’ Facilities Could Adversely Affect The Companies
  2. 07A Cyber Attack Could Adversely Affect The Companies
  3. 08The Failure of Processes and Systems, the Failure to Retain and Attract Employees and Contractors, and Their Negative Performance Could Adversely Affect The Companies

Environmental Risks

  1. 09The Companies Are Exposed To Risks From The Environmental Consequences Of Their Operations, Including Increased Costs Related To Climate Change

Financial and Market Risks

  1. 10Con Edison’s Ability To Pay Dividends Or Interest Depends On Dividends From Its Subsidiaries
  2. 11Changes To Tax Laws Could Adversely Affect the Companies
  3. 12The Companies Require Access To Capital Markets To Satisfy Funding Requirements
  4. 13A Disruption In The Wholesale Energy Markets, Increased Commodity Costs Or Failure By An Energy Supplier or Customer Could Adversely Affect The Companies

Other Risks

  1. 14The Companies Face Risks Related To Health Epidemics And Other Outbreaks
  2. 15The Companies’ Strategies May Not Be Effective To Address Changes In The External Business Environment
  3. 16The Companies Face Risks Related To Supply Chain Disruptions, Inflation and the Imposition of Tariffs
  4. 17The Companies Also Face Other Risks That Are Beyond Their Control

Other Consolidated Edison 10-Ks

  • FY2025 10-K risk factors
    17 risks1 reworded

    Cyberattack risk remains focused on protecting information systems and network infrastructure supporting the Companies’ businesses.

    Filed Feb 19, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.