Con Ed Capital Spending Could Rise, Depending on NY Regulator's Decision

SUGAR LAND, TEXAS--December 27, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Consolidated Edison Incorporated (Con Ed) (NYSE:ED) (New York, New York) will increase its capital spending about 8%, or $304 million, in 2020, assuming the New York State Public Service Commission (PSC) (Albany, New York) approves a joint proposal for the power company's regulated electric and gas units in New York. A final order is expected from that regulatory body in early 2020. Within this article: Con Ed's $3.9 billion capital spending plan for 2020.