爱迪生联合电气 2025年度报告

☒Annual Report Pursuant To Section13 or 15(d) of the Securities Exchange Act of 1934FOR THE FISCAL YEAR ENDED DECEMBER31, 2025OR☐Transition Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto___________________________________________________ Commission File Number 1-14514 Consolidated Edison, Inc. Exact name of registrant as specified in its charterand principal office address and telephone number 13-3965100I.R.S.EmployerID. Number 4 Irving Place,New York,New York10003 (212) 460-4600 Commission File Number 1-1217 Consolidated Edison Company of New York, Inc.Exact name of registrant as specified in its charter and principal office address and telephone number 13-5009340I.R.S.EmployerID. Number 4 Irving Place,New York,New York10003 (212) 460-4600 Securities Registered Pursuant to Section12(g) of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Consolidated Edison, Inc. (Con Edison)YesNoConsolidated Edison Company of New York, Inc. (CECONY)YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Con EdisonYesNoCECONYYesNo Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days. Con EdisonYesNoCECONYYesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report. Con EdisonYesNo☐CECONYYesNo☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements. Con EdisonCECONY ☐Not Applicable Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b). Con EdisonCECONY ☐Not Applicable Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Con EdisonYes☐NoCECONYYes☐No The aggregate market value of the common equity of Con Edison held by non-affiliates of Con Edison, as of June30, 2025, wasapproximately $36.2billion. All of the outstanding common equity of CECONY is held by Con Edison. Documents Incorporated By Reference Portions of Con Edison’s definitive proxy statement for its Annual Meeting of Stockholders to be held on May18, 2026, to be filedwith the Commission pursuant to Regulation 14A, not later than 120 days after December31, 2025, is incorporated in Part III ofthis report. Filing Format This Annual Report on Form 10-K is a combined report being filed separately by two different registrants: Consolidated Edison,Inc. (Con Edison) and Consolidated Edison Company of New York, Inc. (CECONY). CECONY is a wholly-owned subsidiary ofCon Edison and, as such, the information in this report about CECONY also applies to Con Edison. CECONY meets theconditions set forth in General Instruction (I)(1)(a) and (b)of Form 10-K and is therefore filing this Form 10-K with the reduceddisclosure format. As used in this report, the term the “Companies” refers to Con Edison and CECONY. However, CECONY makes no representationas to the information contained in this report relating to Con Edison or the subsidiaries of Con Edison other than itself. Glossary of Terms The following is a glossary of abbreviations or acronyms th