Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — Investor Presentation (December 2023)
16 slides from Consolidated Edison's investor presentation, December 2023
Slide 1: Investor Update December 4 - 8, 2023
Investor Update December 4 - 8, 2023 1
Slide 2: Investor Relations: Available Information and Forward-Looking Statements
Investor Relations Available Information On November 2, 2023, Consolidated Edison, Inc. issued a press release reporting its third quarter 2023 earnings and filed with the Securities and Exchange Commission the company’s third quarter 2023 Form 10-Q. This presentation should be read together with, a
Slide 3: Organizational Structure
Organizational Structure Market Cap(a): $29.5 billion Ratings(b): Baa1 / BBB+ / BBB+ (a) Outlook(b): Stable / Stable / Stable 2023 Total Assets: $64 billion(a) Regulated Energy Delivery FERC Regulated Transmission Orange and Rockland Con Edison Transmission, Inc. Consolidated Edison Utilities, Inc.
Slide 4: Con Edison: Completed Substantial De-Risking Across Key Areas
Con Edison: Completed Substantial De-Risking Across Key Areas Con Edison offers a regulated business model and one of the strongest balance sheets in the utility sector • Transition to pure-play regulated business – Completed the bulk of non-core asset sales – Revenue predictability in place for all
Slide 5: Climate Change, Unchecked
Climate Change, Unchecked Findings from CECONY and O&R’s Climate Change Vulnerability Studies may have significant implications for each company’s electric delivery system • CECONY and O&R each released a climate change study using the latest climate projections from NYSERDA and Columbia University
Slide 6: Utility Resilience Plan Filing Overview
Utility Resilience Plan Filing Overview The NYSPSC will review the Company’s proposals and will accept, modify or reject the resiliency plans by October 2024 First five years (2025-2029) of investments submitted for approval Proposed Capital Expenditure ($ Millions) • Prevent: Harden energy infrastr
Slide 7: Preparing for Future Electric Peak Demand Growth
Preparing for Future Electric Peak Demand Growth By 2043 CECONY’s electric system peak demand is anticipated to increase by 51-92% and O&R’s by 45% - 93% CECONY and O&R 2043 Projections: • Over the next 10 years, we plan to invest $72 billion in Clean Energy, Climate Resilience and Core Service inve
Slide 8: Maintaining World Class Reliability: New York City Network Design Capacity
Maintaining World Class Reliability: New York City Network Design Capacity CECONY’s 10-year forecasting process identifies capacity constraints due to net growth in customer demand; solutions can then be developed and vetted in regulatory processes Without New Investment… With New Investment… Above
Slide 9: Meeting Growing Demand at CECONY
Meeting Growing Demand at CECONY New CECONY Distribution Substations and Transmission Stations Planned : 2023 - 2033 Distribution Substations 1. Brooklyn, Gateway Park, 2028 2. Queens, Idlewild Area Station, 2028 Transmission Stations 1. Brooklyn, Vinegar Hill + Plymouth St., 2025 2. Brooklyn, Brook
Slide 10: CECONY Major Substation Construction Program
CECONY Major Substation Construction Program We plan to continue growing our electric infrastructure to prepare for peak demand growth Number of Transmission Stations and Distribution Substations 120 14,000 MW Post-Great Depression boom; 12,000 MW 100 Advent of building central air- conditioning 202
Slide 11: O&R Major Substation Construction Program
O&R Major Substation Construction Program We plan to continue growing our electric infrastructure to maintain reliability 2023 – 2028 forecasted* *O&R Annual Electric Peak Demand represented from 2004-2022 is not weather-adjusted, and the forecasted period from 2023 – 2028 is weather-adjusted. 11
Slide 12: Reliable Clean City-Proposed Idlewild Project
Reliable Clean City-Proposed Idlewild Project CECONY filed a Petition on August 22 requesting authorization and cost recovery to create a new network, construct a new Eastern Queens Transmission Substation and a new Idlewild Area Substation (Idlewild) • $1.2 billion project required due to increased
Slide 13: CET and CECONY Capital Investments Outside of Rate Plan
CET and CECONY Capital Investments Outside of Rate Plan CECONY has over $2 billion of capital investment opportunities that are not part of the electric and gas rate plan ($ in millions) Capital Projects Outside of In Service Funding Status In 3Q 2023 In 5-year Rate Plan(1) Capital Cost Date through
Slide 14: Major CECONY Projected Regulatory Assets Outside of Electric and Gas Rate Plan
Major CECONY Projected Regulatory Assets Outside of Electric and Gas Rate Plan CECONY has over $3.7 billion of major regulatory assets planned for 2024-2028 ($ in millions) Projected Reg Asset Funding Status through In 3Q 2023 In 3-Yr Rate Base In 5-year Project Outside of Rate Plan (2024 – 2028) NY
Slide 15: Major O&R Projected Regulatory Assets Outside of Rate Plan
Major O&R Projected Regulatory Assets Outside of Rate Plan O&R has over $380 million of major regulatory assets planned for 2024-2028 ($ in millions) In 3-Yr Rate Projected Reg Asset Funding Status through In 3Q 2023 Base In 5-year Project Outside of Rate Plan (2024-2028) NYSPSC(1) Plan? Projection?
Slide 16: Investor Update December 4 - 8, 2023
Investor Update December 4 - 8, 2023 16
Consolidated Edison — Investor Presentation (December 2023) on 6ix