Slide 1: ESG: Committed to Reducing Methane Emissions
CONSOLIDATED EDISON, INC. ESG: Committed to Reducing Emissions ESG: Committed to Reducing Methane Emissions December 2017 December 2017
Slide 2: Select Highlights for Reducing Methane Emissions
Con Edison – Select Highlights for Reducing Methane Emissions Accomplishments 53% 62% Reduction in average days to repair gas Reduction in year-end leak backlog leaks since 2014 since 2014 Goals 100 miles 82% Target annual miles of priority pipe Target reduction in methane replacement by 2021 emissi
Slide 3: GHG Emissions Reductions
GHG Emissions Reductions • Con Edison has been a leader in emissions reduction for over a generation; we converted all of our plants from coal to cleaner fuels in 1972 • Essentially all of CECONY’s heavy-duty fleet is fueled by biodiesel • The reduction of our carbon footprint since 2005 is the equi
Slide 4: Emissions Reduction Targets
Emissions Reduction Targets 82% Target reduction in methane (CH4) emissions by 2036(1) 26% Target reduction of sulfur hexafluoride emissions (SF6) by 2021(2) 1. Targeting reduction of fugitive CH4 emitted by CECONY natural gas distribution system from 244,808 in 2016 to 43,414 in 2036 (Metric Tons o
Slide 5: CECONY's Continued Focus on Customer Safety
CECONY’s Continued Focus on Customer Safety • We plan to invest ~$3.0 billion between 2018 and 2020 to fortify our gas infrastructure, underscoring our commitment to safety and the environment • Our “Smell Gas, Act Fast” campaign has increased customer awareness about potential gas leaks and helped
Slide 6: System Upgrades
System Upgrades Investing in upgrades that will improve the reliability of our system and enhance safety and the customer experience • Core System Updates – Launched smart meter initiative; first meters were installed in July 2017 and targeting 5.4 million installations in NYC and Westchester area b
Slide 7: Accelerating Gas Main Replacement and Leak Repair
Accelerating Gas Main Replacement and Leak Repair These initiatives will improve safety and are beneficial for the environment by reducing methane emissions • We are accelerating CECONY’s gas main replacement targets from 85 miles in 2018 to 100 miles by 2021 • We are also helping curb emissions by
Slide 8: Committing Capital to CECONY's Gas Main Replacement
Committing Capital to CECONY’s Gas Main Replacement $400 343 $350 323 Capital Expenditures (millions) 303 295 $300 $250 $200 154 $150 124 101 $100 83 78 $50 $0 2012 2013 2014 2015 2016 2017 2018E 2019E 2020E 8
Slide 9: Curbing Emissions by Reducing Gas Leaks
Curbing Emissions by Reducing Gas Leaks We are committed to reducing emissions associated with gas leaks by improving our average repair time and backlog • Since 2014, CECONY has reduced the average time to repair leaks by more than 50% • CECONY’s year-end leak backlog dropped to historically low le
Slide 10: CECONY's Sustained Performance on Main Replacement and Leak Backlog
CECONY’s Sustained Performance on Main Replacement and Leak Backlog Source: Consolidated Edison internal data sources. 10
Slide 11: Orange & Rockland's Efforts to Curb Emissions
Orange & Rockland’s Efforts to Curb Emissions Although it services a much smaller customer base, O&R is equally focused on reducing gas leaks and gas main replacement • In 2017, O&R replaced 24 miles of leak prone pipe; on pace to eliminate all cast iron pipes in the O&R system by 2020 • Over the co
Slide 12: Methane Challenge
Methane Challenge In 2016, we joined 40 other local distribution companies as a founding partner in the EPA’s Natural Gas STAR Methane Challenge program • Methane Challenge Program is a flexible, voluntary partnership that allows the EPA to collaborate with partners to promote and track ambitious, t
Slide 13: Commitment to Research & Development
Commitment to Research & Development Our R&D teams find solutions that make the workplace safer and improve the quality of life for our customers • Residential Methane Detector (RMD) Pilot – Pursuing a new technology that performs better than commercially available alternatives and planning a pilot
Slide 14: Smart Solutions for Natural Gas Customers Proposals
Smart Solutions for Natural Gas Customers Proposals Proposed program to help put New York on a path toward a cleaner energy future 1. Enhanced Gas Energy Efficiency – Aim to double gas efficiency gains with additional funding to existing programs – Annual cost: incremental ~$14.5 million per year in