Consolidated Edison (ED) AGM 2025 summary

Opening remarks and agenda

• Meeting convened virtually to ensure broad participation and engagement opportunities for all stockholders.

• Rules of conduct, annual report, and proxy statement were made available online; stockholders could submit questions throughout.

• Board members, executive officers, independent accountants, and proxy firm representatives were introduced.

Overview of voting outcomes

• Quorum established; polls opened and closed during the meeting.

• Stockholders approved all three management proposals: election of directors, ratification of independent accountants, and advisory approval of executive compensation.

• Official voting results to be published later in the week.

Strategic initiatives and plans

• $38 billion planned investment over five years to support system reliability, growth, and clean energy transition.

• Grid modernization efforts include preparing for increased electric demand, mitigating flood risks, and installing smart switches.

• Three-year electric and gas investment plan approved for Orange and Rockland Utilities; similar plan underway for Con Edison of New York.

• Distributed $160 million in clean heat incentives and $85 million in energy efficiency incentives for low- to moderate-income customers in 2024.

• Developing EV charging infrastructure and supporting electrification of transportation.

• Reimagining the gas system to reduce carbon emissions and advocating for electric heating.