Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — AGA Financial Forum 2023
16 slides from Consolidated Edison's conference presentation, May 21, 2023
Slide 1: Consolidated Edison, Inc. AGA Financial Forum
Consolidated Edison, Inc. AGA Financial Forum May 21 - 22, 2023 1
Slide 2: Investor Relations: Available Information and Forward-Looking Statements
Investor Relations Available Information On May 4, 2023, Consolidated Edison, Inc. issued a press release reporting its first quarter 2023 earnings and filed with the Securities and Exchange Commission the company’s first quarter 2023 Form 10-Q. This presentation should be read together with, and is
Slide 3: Company Highlights
Company Highlights • Con Edison delivers electric, gas, and steam to 5.1 million customers • CECONY's electric system is the most reliable in the U.S. • 5% to 7% adjusted earnings per share (non-GAAP) growth forecasted for next five years • Upon NYSPSC approval, CECONY electric and gas plans will ha
Slide 4: Achieving Clean Energy Goals
Achieving Clean Energy Goals New York's aggressive clean energy goals require significant new investment in the state's energy infrastructure, creating strong growth potential for the company. • Con Edison's Clean Energy Commitment reflects aggressive clean energy goals from New York State and New Y
Slide 5: Recent Business Updates
Recent Business Updates Con Edison's strong performance record continues with strategic moves that position it for growth and leadership in New York's clean energy transition. • Sale of Clean Energy Businesses completed in March 2023 which catapults Con Edison into a pure-play regulated utility • Ne
Slide 6: Other Regulatory Developments
Other Regulatory Developments 6 6
Slide 7: NYS PSC & NYISO Proceedings & Developments
NYS PSC & NYISO Proceedings & Developments Transmission Planning • Authorize local transmission projects to achieve renewable power goals • NYSPSC approved CECONY's Reliable Clean City projects totaling $780 million in costs • Develop "Phase 2" filing for projects that increase local capacity to del
Slide 8: New York State and New York City Greenhouse Gas Emissions Reduction Laws
New York State and New York City Greenhouse Gas Emissions Reduction Laws • NYC Local law 154: Natural gas ban for new small buildings by 2025 and for new large buildings by 2027 – NY Governor Hochul signed into law on May 3 ban on gas use in new small buildings starting in 2026, new large buildings
Slide 9: Reimagine the Gas System
Reimagine the Gas System 9
Slide 10: Our Clean Energy Commitment: Pillars
Our Clean Energy Commitment: 5 Pillars Build the Grid of the Future Build a resilient, 22nd century electric grid that delivers 100% clean energy by 2040. Empower All of our Customers to Meet their Climate Goals Accelerate energy efficiency with deep retrofits, aim to electrify the majority of build
Slide 11: Pathways to Carbon Neutrality by 2050
Pathways to Carbon Neutrality by 2050 Con Edison has evaluated representative pathways that differ in level of electrification and low-carbon fuels that capture possible outcomes for New York State to achieve policy goals Hybrid Deep Electrification • Optimizes use of existing electric, gas and stea
Slide 12: Changing How Energy is Sourced and Consumed
Changing How Energy is Sourced and Consumed To achieve NYS and NYC clean energy goals, our utilities plan to enable a fundamental change in how energy is sourced and consumed in our service territories; several potential energy solutions exist to deliver on net-zero GHG emissions by 2050 2020 GHG em
Slide 13: Emissions Reductions for Gas Customers
Emissions Reductions for Gas Customers Con Edison’s goal is to achieve net-zero greenhouse gas emissions through energy efficiency, electrification, and low-carbon fuels 100% 100% 75% 50% 40% 60% 25% 15% 25% 0% 2020 emissions Demand reduction 2050 emissions Clean supply Remaining 2050 emissions Elec
Slide 14: Transform Gas Demand and Supply
Transform Gas Demand and Supply Con Edison’s goal is to reduce overall gas demand and adopt 100% low- carbon fuels to achieve net-zero greenhouse gas emissions by 2050. Utility Gas Supply (Distribution System) 100% 2020 2030 2040 2050 Fossil gas Renewable natural gas Synthetic natural gas Green hydr
Slide 15: CECONY Summer & Winter System Peaks Will Shift
CECONY Summer & Winter System Peaks Will Shift • Summer electric peak demand for 2023 is forecasted around 13,000 MW • Winter electric peak demand for 2022/2023 is forecasted around 8,700 MW • CECONY expects summer and winter electric peaks to both grow due to the electrification of heat, hot water,
Slide 16: Long-range Plans for a Safe, Reliable and Sustainable Future
Long-range Plans for a Safe, Reliable and Sustainable Future Long-range plans for electric, gas and steam guide our programs and investments through 2050. We envision $72 billion in investments for CECONY and O&R over the next 10 years. ◦ Clean Energy: Economy-wide net-zero GHG emissions in our serv