Consolidated Edison, Inc. · NYSE:ED
Consolidated Edison — 2023 Barclays Energy-Power Conference
11 slides from Consolidated Edison's conference presentation, Sep 7, 2023
Slide 1: Investor Update
Investor Update September 7, 2023
Slide 2: Investor Relations: Available Information and Forward-Looking Statements
Investor Relations Available Information On August 3, 2023, Consolidated Edison, Inc. issued a press release reporting its second quarter 2023 earnings and filed with the Securities and Exchange Commission the company’s second quarter 2023 Form 10-Q. This presentation should be read together with, a
Slide 3: Organizational Structure
Organizational Structure Market Cap(a): $31.2 billion Ratings(b): Baa2 / BBB+ / BBB+ Outlook(b): Positive / Stable / Stable Percentages of Total Assets by Business (a) Regulated Energy Delivery FERC Regulated Transmission 2023 Total Assets: $64 billion (a) Consolidated Con Edison Edison Orange and T
Slide 4: Investment Highlights
Investment Highlights ◦ Diverse Customer Base: CECONY delivers electricity to 3.6 million customers, gas to 1.1 million customers and steam to 1,500 customers; O&R delivers electricity to 0.3 million customers and gas to 0.1 million customers ◦ Consistent, Reliable Service: CECONY's electric system
Slide 5: Recent Business Updates
Recent Business Updates Con Edison's strong performance record continues with strategic actions that position it for growth and leadership in New York's clean energy transition • The first segment (Long Island City to Corona, Queens, $222 million) of the Reliable Clean City transmission projects was
Slide 6: Summary of CECONY Steam Joint Proposal
Summary of CECONY Steam Joint Proposal(a) Proposed rate changes and capital expenditures for three-year period to begin November 1, 2023 and reflect 9.25% ROE, 48% equity ratio and new weather normalization mechanism Case number 22-S-0659 Average Capital ($ in millions) Rate Change Rate Base Expendi
Slide 7: CECONY Steam Rate Joint Proposal Comparison
CECONY Steam Rate Joint Proposal Comparison (a) ($ in millions) November 2022 February 2023 March 2023 August 2023 Rate Year 1: Nov 2023 – Oct 2024 Filing Update Staff Testimony Joint Proposal New infrastructure investment $18 $21 $19 $20 Depreciation 25 26 24 27 Property taxes 73 74 70 71 ROE/Finan
Slide 8: 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 increa
Slide 9: Our Clean Energy Commitment: 5 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 10: Region's Clean Energy Vision
Region’s Clean Energy Vision Con Edison is an essential partner for achieving regional clean energy goals NYS: 6 GW of private solar NYS: 9 GW off-shore wind 2025 2035 NYC: 500 MW of energy storage NYC: City-owned non-emergency vehicles to be electric NYS/NJ: All new passenger vehicles will need to
Slide 11: Long-range Plans for a Safe, Reliable and Sustainable Future
Long-range Plans for a Safe, Reliable and Sustainable Future These plans 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 service area by 2050 ◦ Climate Resilie
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