EX-99 2 dex99.htm INFORMATION SHEET FOR ELECTRIC RATE FILING Information Sheet For Electric Rate Filing

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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