Con Edison Files Q1 2025 10-Q, Updates Tax Disclosures
| Field | Detail |
|---|---|
| Company | Consolidated Edison Co Of New York Inc |
| Form Type | 10-Q |
| Filed Date | May 1, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, utilities, financial-reporting, income-tax
TL;DR
Con Ed's Q1 10-Q is in, new tax rules coming for better disclosure.
AI Summary
Consolidated Edison Inc. (Con Edison) filed its 10-Q for the period ending March 31, 2025. The filing includes updates on financial performance and new accounting standards, specifically amendments to Income Taxes (Topic 740) through ASU 2023-09, which will enhance disclosures regarding rate reconciliation, income taxes paid, and income tax expense. Con Edison's primary business is providing electric, gas, and steam service in New York City and Westchester County.
Why It Matters
This filing provides investors with an update on Consolidated Edison's financial health and operational status, including new disclosure requirements for income taxes that could impact how financial performance is analyzed.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial and operational updates.
Key Players & Entities
- Consolidated Edison Inc. (company) — Filer of the 10-Q
- ASU 2023-09 (document) — Amendment to Income Taxes guidance
- New York City (location) — Service area
- Westchester County (location) — Service area
FAQ
What is the primary business of Consolidated Edison Inc. as stated in the filing?
Consolidated Edison Inc.'s primary business is providing electric, gas, and steam service in New York City and Westchester County.
What is the filing period for this 10-Q report?
The filing period for this 10-Q report is for the period ending March 31, 2025.
What new financial accounting standard is mentioned in the filing?
The filing mentions amendments to the guidance on accounting for Income Taxes (Topic 740) through ASU 2023-09.
What are the key areas of focus for the ASU 2023-09 amendments?
The amendments focus on rate reconciliation, income taxes paid, and income (or loss)/income tax expense (or benefit) from disaggregated companies.
What is the SEC Act under which this 10-Q is filed?
This 10-Q is filed under the 1934 Act.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 1, 2025 regarding CONSOLIDATED EDISON CO OF NEW YORK INC.