Electricity Purchase Agreements

12 Months Ended

Dec. 31, 2012

Note I — Electricity Purchase Agreements

CECONY has long-term electricity purchase agreements with non-utility generators and others for generating capacity. The company recovers its purchased power costs in accordance with provisions approved by the NYSPSC. See “Recoverable Energy Costs” in Note A.

At December 31, 2012, the significant terms of the electricity purchase agreements were as follows:


Facility	Equity Owner	Plant Output (MW)		Contracted Output (MW)			Contract Start Date		Contract Term (Years)
Indian Point	Entergy Nuclear Power Marketing, LLC		1,299		350	*		August 2001		16
Independence	Sithe/Independence Power Partners, LP		1,254		697			November 1994		20
Linden Cogeneration	Cogen Technologies Linden Venture, LP		1,035		628			May 1992		25
Astoria Energy	Astoria Energy, LLC		640		500			May 2006		10
Selkirk	Selkirk Cogen Partners, LP		446		265			September 1994		20
Brooklyn Navy Yard	Brooklyn Navy Yard Cogeneration Partners, LP		322		263			November 1996		40
Indeck Corinth	Indeck Energy Services of Corinth, Inc.		147		132			July 1995		20

*	Contracted output will increase to 500 MW in 2013.

Assuming performance by the parties to the electricity purchase agreements, CECONY is obligated over the terms of the agreements to make capacity and other fixed payments.

The future capacity and other fixed payments under the contracts are estimated to be as follows:

(Millions of
Dollars)

2013

2014

2015

2016

2017

All Years

Thereafter

CECONY

507

446

229

165

110

933

For energy delivered under most of the electricity purchase agreements, CECONY is obligated to pay variable prices. The company’s payments under the agreements for capacity, energy and other fixed payments in 2012, 2011, and 2010 were as follows:


	For the Years Ended December 31,
(Millions of Dollars)	2012		2011		2010
Linden	$	297	$	379	$	414
Indian Point		204		238		524
Selkirk		196		209		185
Astoria		181		225		223
Independence		127		121		119
Brooklyn Navy Yard		93		123		123
Indeck Corinth		66		77		68
Total	$	1,164	$	1,372	$	1,656

CECONY [Member]

Electricity Purchase Agreements