Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — Edison Electric Institute Financial Conference 2023
17 slides from Consolidated Edison's conference presentation, Nov 12, 2023
Slide 1: Edison Electric Institute Financial Conference Presentation
Edison Electric Institute Financial Conference Presentation November 12 - 14, 2023 1
Slide 2: 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): Baa2 / BBB+ / BBB+ (a) Outlook(b): Positive / 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 decoupling in place at core New
Slide 5: Long-range Plans for a Safe, Reliable and Sustainable Future
Long-range Plans for a Safe, Reliable and Sustainable Future We envision $72 billion in investments for CECONY and O&R over the next 10 years CECONY O&R • Clean Energy: Economy-wide net-zero GHG emissions in our service area • Core Service: World-class safety, reliability, and security, while managi
Slide 6: Climate Change, Unchecked
Climate Change, Unchecked Findings from CECONY and O&R’s Climate Change Vulnerability Studies 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 • Th
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: NYISO Forecasts Power Deficiency in 2025
NYISO Forecasts Power Deficiency in 2025 The NYISO published its Q2 Short Term Reliability Report in July 2023, that identified a 446 MW electric capacity shortfall in the New York City zone in 2025 due to increased electrification and peaker unavailability • Completion of the Champlain Hudson Power
Slide 9: 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 10: 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 11: 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 12: 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. 12
Slide 13: 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 14: CET and CECONY Capital Investments Outside of Rate Plan
CET and CECONY Capital Investments Outside of Rate Plan CECONY has over $2 billon of capital investments opportunities that are not part of the electric and gas rate plan ($ in millions) Capital Projects Outside of In Service Funding Status In 3Q 2023 In 5-year Rate Plan(1) Capital Cost Date through
Slide 15: 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 16: 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 17: Edison Electric Institute Financial Conference Presentation
Edison Electric Institute Financial Conference Presentation November 12 - 14, 2023 17
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