Consolidated Edison Inc., New York, expects to make contributions of $480 million to its pension plans in 2021, according to the company’s 10-K statement filed Feb. 18 with the Securities and Exchange Commission.
Most of the contribution — $441 million — will go to the utility holding company’s subsidiary Consolidated Edison Co. of New York (CECONY) Inc.’s pension plan. The company has only U.S. pension plans.
Last year, the total contribution was $332 million, of which $301 million was provided to CECONY’s plan.
Author(s): ROBERT STEYER
Publication Date: 22 February 2021
Publication Site: Pensions & Investments