Orange and Rockland Utilities (O&R), a subsidiary of Consolidated Edison, Inc., filed a request with the New Jersey Board of Public Utilities for an electric rate increase. The proposed rate increase is intended to become effective in January 2026. This filing is a routine part of the regulated utility business model, allowing for cost recovery and a return on invested capital.
O&R is seeking an $18.7 million revenue increase, which would result in a 6.6% total electric bill increase for customers. The filing proposes a 10.30% return on common equity and a 50.15% common equity ratio. These figures are critical determinants of the subsidiary's future earnings power and financial health.
The outcome of this rate case will significantly influence O&R's ability to fund ongoing infrastructure investments and maintain reliable service in its New Jersey service territory. Regulatory approvals of such requests are essential for utilities to support their capital programs and achieve predictable earnings growth.
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