Exhibit 99
Consolidated Edison, Inc.
Information Sheet for
Consolidated Edison Company of New York’s
Electric Service Rate Case Filing
Details of filing
| • | Effective date of new rates—April 1, 2008 |
| • | Rates based on future test year—April 2008 through March 2009 |
| • | Historic year—calendar year 2006 |
| • | Proposed rate increase effective April 1, 2008—$1.2 billion (11.6% on customers’ total bills) |
• | 2nd and 3rd year increases effective April 1, 2009 and April 1, 2010 are estimated at $335 million and $390 million, respectively (or 3.2% and 3.7% respectively) |
• Capital expenditures: 3-year total of | $ | 6,098 | million | |
• By year | ||||
• 2008 | $ | 2,118 | ||
• 2009 | 2,000 | |||
• 2010 | 1,980 | |||
• By type | ||||
• Substations | $ | 942 | million | |
• Primary cable | 467 | |||
• Secondary cable | 432 | |||
• Transformers and related equipment | 899 | |||
• Advanced metering | 340 | |||
• Storm response | 154 | |||
• Other, routine capital | 2,864 |
| • | Continued current recovery of fuel and purchased power costs |
| • | Return on equity—11.5% |
| • | Equity ratio reflected in rate year—48.7% |
| • | $122 million for demand reduction programs and efficient energy supply through the monthly adjustment clause, in addition to the $335 million that will be paid for statewide programs to encourage energy efficiency and renewables |
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True-up reconciliations requested
| • | Pensions (PSC Policy) |
| • | Property taxes |
| • | Environmental remediation |
| • | Interference costs |
| • | Storm expenses |
| • | ERRP maintenance |
Major components of proposed electric rate increase
Impact of expiring rate plan:
• Expiring credits | $ | 250 | million | |
• Plant additions above capital allowance in plan | 195 | |||
• Pensions / property tax updates | 50 | |||
• New deferrals / credits | 20 | |||
Subtotal | $ | 515 | million | |
New programs and other initiatives:
• New / expanded programs to support operations | $ | 280 | million | |
• Rate base increases | 235 | |||
• Increase return on equity (11.5% vs. 10.3% currently) | 115 | |||
• Depreciation rate changes | 100 | |||
• Sales growth | (20 | ) | ||
Total | $ | 1,225 | million | |
Rate base balances
• 12 months ending December 31, 2006 | — | $ | 10.4 | billion | ||
• 12 months ending March 31, 2009 | — | $ | 13.3 | billion | ||
• 12 months ending March 31, 2010 | — | $ | 14.7 | billion | ||
• 12 months ending March 31, 2011 | — | $ | 16.3 | billion |
Typical bill comparisons
| • | Typical residential customer paying $70 per month would see an increase of $12, or about 17 percent |
| • | Typical business paying $2,200 per month would see an increase of $235, or 10.7 percent |
5-04-07
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