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 2009

 

   

Rates based on future test year—April 2009 through March 2010

 

   

Historic year—calendar year 2007

 

   

Annual levelized increases of $556.7 million (4.9% on customers’ total bills) effective April 2009, 2010 and 2011

 

   

Alternatively, a one-year rate increase of $654 million (5.8% on customers’ total bills) effective April 2009

 

   

Rate increase for the first year without mitigation would be $1,082 million or 9.6%

 

•     Capital expenditures: 3-year total of

   $ 5,498 million

•     By year

  

•     2009

   $ 2,033

•     2010

   $ 1,866

•     2011

   $ 1,599

•     By type

  

•     Substations

   $ 633

•     Transformers and related equipment

     957

•     Primary cable

     567

•     Secondary cable

     576

•     Feeder New/Replacements/Upgrades

     387

•     Substation Equipment & Life Extension

     291

•     Storm Hardening

     160

•     Advanced Technology (AMR)

     33

•     Other, routine capital including reliability and miscellaneous equipment upgrades

     1,894

 

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Continued current recovery of fuel and purchased power costs

 

   

Return on equity—10.0%

 

   

Equity ratio reflected in rate year—48.0%

 

   

Continuation of the Targeted Demand Side Management program under the same general conditions established by the 2005 Electric Rate Agreement and March 2008 Electric Rate Order with recovery through the monthly adjustment clause.

True-up reconciliations

 

   

Revenue decoupling mechanism

 

   

Demand management and energy efficiency programs

 

   

Pensions and other postretirement costs (PSC Policy)

 

   

Property taxes

 

   

Environmental site investigation and remediation

 

   

Municipal infrastructure support

 

   

Storm expenses

 

   

ERRP maintenance

 

   

Inflation above 4%

Major components of proposed $654 million increase effective April 2009

 

•     Carrying cost of new infrastructure

   $ 230 million

•     Property taxes

     200

•     Other operating expenses

     165

•     Increase return on equity (10.0% vs. 9.1% currently)

     115

•     Accounting credits

     (31)

•     Sales growth

     (25)
      

Total

   $ 654 million
      

Rate base balances

 

•     12 months ending December 31, 2007

   $ 11.7 billion

•     12 months ending March 31, 2010

   $ 14.6 billion

•     12 months ending March 31, 2011

   $ 16.0 billion

•     12 months ending March 31, 2012

   $ 17.7 billion

 

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Typical bill comparisons assuming a $556.7 million levelized increase effective April 2009

 

   

Typical residential customer paying $78.90 per month would see an increase of $5.38 , or about 6.8 percent

 

   

Typical business paying $2,338 per month would see an increase of $101, or 4.3 percent

Typical bill comparisons assuming a $654 million increase effective April 2009

 

   

Typical residential customer paying $78.90 per month would see an increase of $6.18 , or about 7.8 percent

 

   

Typical business paying $2,338 per month would see an increase of $120, or 5.1 percent

5-09-08

 

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