Consolidated Edison (ED) risk factors, FY2025 10-K

Consolidated Edison's FY2025 10-K, filed Feb 19, 2026, lists 17 risk factors in 5 groups. Against the prior year's 17: 1 substantially reworded.

Risk factors listed
175 groups
New this year
0vs 17 last year
Dropped
0since the prior 10-K
Substantially reworded
1of those kept
Section length
4k wordsItem 1A

What the changes say

  • Cyberattack risk remains focused on protecting information systems and network infrastructure supporting the Companies’ businesses.
  • The updated disclosure retains examples including ransomware, malware, denial-of-service attacks, data loss and business disruption.
  • It removes discussion of rising cyberattack sophistication, magnitude and frequency, artificial intelligence, and nation-state or criminal attackers.

What changed since the prior 10-K

Reworded

  • 40% rewrittenOperations Risks

    A Cyber Attack Could Adversely Affect The Companies

    The risk no longer mentions increasing attack sophistication, magnitude or frequency, artificial intelligence, rapidly changing techniques, or nation-state, state-sponsored and criminal attackers.

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 Companies40% rewritten
  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 (or Subsequent Changes to the Tariffs once Announced or Implemented)
  4. 17The Companies Also Face Other Risks That Are Beyond Their Control

Other Consolidated Edison 10-Ks

  • FY2024 10-K risk factors
    17 risks

    Regulation and rate-setting dominate, affecting cost recovery, penalties, and returns for the Utilities.

    Filed Feb 20, 2025

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.