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 |
| • | | 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
| • | | Environmental remediation |
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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