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 2010

 

   

Rates based on future test year—April 2010 through March 2011

 

   

Historic year—calendar year 2008

 

   

Annual levelized increases of $695 million (6.0% on customers’ total bills) effective April 2010, 2011 and 2012

 

   

Alternatively, a one-year rate increase of $854 million (7.4% on customers’ total bills) effective April 2010

 

•       Capital expenditures: 3-year total of

   $ 4,810 million

•       By year

  

•       2010

   $ 1,699

•       2011

   $ 1,517

•       2012

   $ 1,594

•       By type

  

•       Substations

   $ 286.6

•       Transformers and related equipment

     623.5

•       Primary cable

     464.8

•       Secondary cable

     527.2

•       Feeder New/Replacements/Upgrades

     349.1

•       Substation Equipment & Life Extension

     567.8

•       Storm Hardening

     127.9

•       Advanced Technology (AMR)

     12.2

•       Other, routine capital including reliability and miscellaneous equipment upgrades

     1,850.9

 

   

Continued current recovery of fuel and purchased power costs

 

   

Return on equity—11.6% for three-year rate plan; 10.9% for one year

 

   

Equity ratio reflected in rate year—48.2%

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% (for three-year rate plan)

 

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Major components of proposed $854 million increase effective April 2010

 

•        Carrying cost of new infrastructure

   $ 237 million

•        Property taxes

     127

•        Other operating expenses

     153

•        Increase return on equity (10.9% vs. 10.0% currently)

     127

•        Pension and other post-retirement costs

     114

•        Expiring accounting credits/amortization of deferred costs

     77

•        Depreciation deficiency reserve amortization

     19

Total

   $ 854 million

Rate base balances

 

•        12 months ending December 31, 2008

   $ 13.1 billion

•        12 months ending March 31, 2011

     15.6 billion

•        12 months ending March 31, 2012

     16.9 billion

•        12 months ending March 31, 2013

     18.0 billion

Typical bill comparisons assuming a $695 million levelized increase effective April 2010

 

   

Typical residential customer paying $83.60 per month would see an increase of $6.48, or about 7.8 percent

 

   

Large business paying $15,744 per month would see an increase of $751, or 4.8 percent

Typical bill comparisons assuming a $854 million increase effective April 2010

 

   

Typical residential customer paying $83.60 per month would see an increase of $8.00, or about 9.6 percent

 

   

Large business paying $15,744 per month would see an increase of $942, or 6.0 percent

5-08-09

 

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