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Consolidated Edison Inc
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Q1 2024 Earning Release Presentation
| John McAvoy | Page 4 of 11 |
May 18, 2024
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"Q1 2024 Earning Release Presentation"
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4 Our Story ? Constructive regulatory outcomes ? $0.32 per share year-over-year uplift from our utilities (a) • $0.13 per share improvement in steam operations (a) • Revenue predictability in place for all New York energy services ? Continued investment efforts to support the region's climate goals ? CET joint solicitation with National Grid Ventures to build transmission infrastructure to carry offshore wind power to New Jersey's electric grid (b) ? NYSDPS confirmed CECONY and O&R are authorized to incur costs of $17.1 million and $4.6 million, respectively, through the completion of Stage 2 of Utility Thermal Energy Network pilot projects (c) ? CECONY proposed five clean energy hubs to receive offshore wind as part of NYC Public Policy Transmission Need (d) • NYISO bids due June 3, 2024 First quarter 2024 financial results reflect the solid rate base growth that we project at our utilities through 2028, as we invest to protect our equipment from climate change and build an electric grid capable of delivering 100% clean energy 4 a. See slide 16 for additional details b. Press Release: National Grid Ventures and Con Edison Transmission Propose Garden State Energy Path to Connect NJ Offshore Wind c. NYSPSC docket number 22-M-0429 d. For more information on NYC Public Policy Transmission Need and potential CECONY interconnection sites, please visit: New York City Public Policy Transmission Need