Feb 20 (Reuters) - Utility company Consolidated Edison ( ED )

beat Wall Street estimates for fourth-quarter profit on

Thursday, driven by higher electricity rates.

Regulated utilities use rate case proceedings to seek rate

increases, basing their appeals on their investments or expenses

incurred in delivering services.

The New York-based company's quarterly revenue from its

electricity segment was up 7.6% at $2.72 billion from a year

earlier.

Consolidated Edison ( ED ) operates through three segments,

Consolidated Edison Company of New York, Orange & Rockland

Utilities and Con Edison Transmission.

The New York segment provides electricity to about 3.6

million customers and gas service to around 1.1 million

customers in the city.

The company now expects its adjusted profit for 2025 to be

between $5.50 and $5.70 per share, the midpoint of which was

below Wall Street estimates of $5.63 per share.

Consolidated Edison ( ED ) expects its capital expenditure to be

$5.12 billion in 2025 and $8.07 billion in 2026.

The company reported an adjusted profit of 98 cents per

share for the quarter ended December 31, compared with analysts'

average estimate of 95 cents per share, according to data

compiled by LSEG.