Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — Evercore ISI Conference 2023
13 slides from Consolidated Edison's conference presentation, Jan 12, 2023
Slide 1: Evercore ISI Conference Presentation
Consolidated Edison, Inc. Evercore ISI Conference Presentation January 12-13, 2023
Slide 2: Available Information, Forward-Looking Statements, Non-GAAP Financial Measures
Available Information On November 3, 2022, Consolidated Edison, Inc. issued a press release reporting its third quarter 2022 earnings and filed with the Securities and Exchange Commission the company’s third quarter 2022 Form 10-Q. This presentation should be read together with, and is qualified in
Slide 3: Pro Forma Structure Focuses on Regulated T&D
Pro Forma Structure Focuses on Regulated T&D (c) Market Cap(a): $30.4 billion Regulated Energy Delivery FERC Regulated Transmission Con Edison Transmission, Orange and Rockland Inc. Utilities, Inc. Consolidated Edison Company of New (Con Edison York, Inc. (O&R) Transmission or CET) (CECONY) Rockland
Slide 4: Overview of CEB Sale and Use of Proceeds
Overview of CEB Sale and Use of Proceeds Con Edison has concluded its strategic review of the Con Edison Clean Energy Businesses (CEBs) and has reached an agreement to sell the CEBs to a subsidiary of RWE Aktiengesellschaft (RWE) Transaction Overview Key Transaction Milestones • Con Edison has reach
Slide 5: Regulatory Developments
Regulatory Developments © conEdison, inc.
Slide 6: CECONY Rate Case Filings Status
Rate Case Filings Status The Company has filed rate cases for CECONY electric, gas and steam in 2022 Rate Base(1) Current Plan Current Plan Regulator ($ millions) Start Date End Date Status Rate case filed Electric NYSPSC $24,446 Jan 2020 Dec 2022 January 2022 CECONY Rate case filed Gas NYSPSC 8,717
Slide 7: Summary of CECONY Electric & Gas Filing
Summary of CECONY Electric & Gas Filing - Company Update On January 28, 2022, CECONY submitted to the NYSPSC a rate case in support of new electric and gas rates to become effective January 1, 2023, with updates filed on April 8, 2022; DPS staff submitted testimony on May 20, 2022 Proposed Return on
Slide 8: CECONY Electric & Gas Rate Filing Comparison and Timeline
CECONY Electric & Gas Rate Filing Comparison and Timeline On December 22, 2022, CECONY filed to extend the suspension date of its electric and gas rate cases until June 24, 2023 Electric Gas ($ in millions) Case number 22-E-0064 Case number 22-G-0065 Jan 2022 Apr 2022 Staff Jan 2022 Apr 2022 Staff R
Slide 9: Summary of CECONY Steam Rate Case Filing
Summary of CECONY Steam Rate Case Filing On November 22, 2022, CECONY filed a request with the NYSPSC for a steam rate increase, effective November 1, 2023; the prior steam filing was in 2013 Proposed Return on Equity and Equity Ratio Return on equity……………..10.0% Equity ratio……………………50.0% Proposed R
Slide 10: CECONY Steam Rate Filing and Timeline
CECONY Steam Rate Filing and Timeline Steam Case number Decarbonization Pilot Projects ($ in millions) 22-S-0659 Rate Year 1: Nov 2023 – Oct 2024 Nov 2022 Filing New infrastructure investment $ 18 Depreciation 25 Property taxes 73 ROE/Financing 4 Sales Revenue 66 Operating expenses (26) Income taxes
Slide 11: NYS Public Service Commission Regulatory Proceedings
NYS Public Service Commission Regulatory Proceedings COMMENTARY Resource • Superseded by FERC approval of the NYISO filing to eliminate restrictions on renewable resources Adequacy bidding in the capacity market Accelerated • Purpose is to authorize local transmission projects to help facilitate ach
Slide 12: Phase 2 Arrears Assistance Program
Phase 2 Arrears Assistance Program On December 23, 2022, the major NY utilities, DPS Staff and stakeholders jointly filed a proposal for Phase 2 COVID-19 arrears relief for residential and small commercial customers CECONY O&R • Surcharge mechanism for recovery of • Surcharge mechanism for recovery
Slide 13: CECONY Files Alternative Brooklyn Clean Energy Proposal
CECONY Files Alternative Brooklyn Clean Energy Proposal On December 13, 2022, CECONY supplemented its April 15 Brooklyn Clean Energy Hub petition to reinforce that, in addition to furthering CLCPA goals, the project is needed to solve reliability needs that start in summer 2028 Summary • The updated