CONSOLIDATED EDISON INC
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Capitalization at December 31, 202 and
| Shares outstandingDecember 31, | At December 31, | |||
|---|---|---|---|---|
| (In Millions) | 2023 | 2022 | 2023 | 2022 |
| TOTAL EQUITY BEFORE ACCUMULATED OTHER COMPREHENSIVE INCOME | 345 | 355 | $21,136 | $20,665 |
| Pension plan liability adjustments, net of taxes | 23 | 23 | ||
| Unrealized losses on derivatives qualified as cash flow hedges, less reclassification adjustment for gains/(losses) included in net income and reclassification adjustment for unrealized losses included in regulatory assets, net of taxes | (1) | (1) | ||
| TOTAL ACCUMULATED OTHER COMPREHENSIVE INCOME, NET OF TAXES | 22 | 22 | ||
| Equity | 21,158 | 20,687 | ||
| Noncontrolling interest | — | 202 | ||
| TOTAL EQUITY (See Statement of Equity) | $21,158 | $20,889 | ||
| LONG-TERM DEBT (Millions of Dollars) · At December 31, | ||||
|---|---|---|---|---|
| Maturity | Interest Rate | Series | 2023 | 2022 |
| DEBENTURES: | ||||
| 2023 | 0.65 | 2020A | $— | $650 |
| 2024 | 3.30 | 2014B | 250 | 250 |
| 2026 | 2.90 | 2016B | 250 | 250 |
| 2027 | 6.50 | 1997F | 80 | 80 |
| 2027 | 3.125 | 2017B | 350 | 350 |
| 2028 | 3.80 | 2018A | 300 | 300 |
| 2028 | 4.00 | 2018D | 500 | 500 |
| 2029 | 2.94 | 2019B | 44 | 44 |
| 2030 | 3.35 | 2020A | 600 | 600 |
| 2030 | 2.02 | 2020A | 35 | 35 |
| 2031 | 2.40 | 2021A | 900 | 900 |
| 2031 | 2.31 | 2021A | 45 | 45 |
| 2032 | 5.70 | 2022A | 100 | 100 |
| 2033 | 5.875 | 2003A | 175 | 175 |
| 2033 | 5.10 | 2003C | 200 | 200 |
| 2033 | 5.20 | 2023A | 500 | — |
| 2034 | 5.70 | 2004B | 200 | 200 |
| 2034 | 5.50 | 2023B | 600 | — |
| 2035 | 5.30 | 2005A | 350 | 350 |
| 2035 | 5.25 | 2005B | 125 | 125 |
| 2036 | 5.85 | 2006A | 400 | 400 |
| 2036 | 6.20 | 2006B | 400 | 400 |
| 2036 | 5.70 | 2006E | 250 | 250 |
| 2037 | 6.30 | 2007A | 525 | 525 |
| 2038 | 6.75 | 2008B | 600 | 600 |
| 2039 | 6.00 | 2009B | 60 | 60 |
| 2039 | 5.50 | 2009C | 600 | 600 |
| 2039 | 3.46 | 2019C | 38 | 38 |
| 2040 | 5.70 | 2010B | 350 | 350 |
| 2040 | 5.50 | 2010B | 115 | 115 |
| 2042 | 4.20 | 2012A | 400 | 400 |
| 2043 | 3.95 | 2013A | 700 | 700 |
| 2044 | 4.45 | 2014A | 850 | 850 |
| 2045 | 4.50 | 2015A | 650 | 650 |
| 2045 | 4.95 | 2015A | 120 | 120 |
| 2045 | 4.69 | 2015B | 100 | 100 |
| 2046 | 3.85 | 2016A | 550 | 550 |
| 2046 | 3.88 | 2016A | 75 | 75 |
| 2047 | 3.875 | 2017A | 500 | 500 |
| 2048 | 4.65 | 2018E | 600 | 600 |
| 2048 | 4.35 | 2018A | 125 | 125 |
| 2048 | 4.35 | 2018B | 25 | 25 |
| 2049 | 4.125 | 2019A | 700 | 700 |
| 2049 | 3.73 | 2019A | 43 | 43 |
| 2050 | 3.95 | 2020B | 1,000 | 1,000 |
| 2050 | 3.24 | 2020B | 40 | 40 |
| 2051 | 3.17 | 2021B | 30 | 30 |
| 2051 | 3.20 | 2021C | 600 | 600 |
| 2052 | 6.15 | 2022A | 700 | 700 |
| 2053 | 5.90 | 2023C | 900 | — |
| 2053 | 6.59 | 2023A | 50 | — |
| 2054 | 4.625 | 2014C | 750 | 750 |
| 2056 | 4.30 | 2016C | 500 | 500 |
| 2057 | 4.00 | 2017C | 350 | 350 |
| 2058 | 4.50 | 2018B | 700 | 700 |
| 2059 | 3.70 | 2019B | 600 | 600 |
| 2060 | 3.00 | 2020C | 600 | 600 |
| 2061 | 3.60 | 2021B | 750 | 750 |
| TOTAL DEBENTURES | $21,950 | $20,550 | ||
| LONG-TERM DEBT (Millions of Dollars) · At December 31, | ||||||
|---|---|---|---|---|---|---|
| Maturity · Interest Rate · Series · 2023 · 2022 | ||||||
| TAX-EXEMPT DEBT - Notes issued to New York State Energy Research and Development Authority for Facilities Revenue Bonds: | ||||||
| 2036 | 3.92(a) | 2010A | $225 | $225 | ||
| 2039 | 3.83(a) | 2004C | 99 | 99 | ||
| 2039 | 3.80(a) | 2005A | 126 | 126 | ||
| TOTAL TAX-EXEMPT DEBT | 450 | 450 | ||||
| PROJECT DEBT (b): | ||||||
| 2023 | 6.91(c) | Copper Mountain Solar 2 | — | 179 | ||
| 2025 | 6.91(c) | Copper Mountain Solar 3 | — | 229 | ||
| 2026 | 5.92(c) | CED Southwest | — | 408 | ||
| 2028 | 4.41 | Wind Holdings | — | 87 | ||
| 2028 | 6.48(c) | Copper Mountain Solar 1 | — | 41 | ||
| 2028 | 6.42(c) | CED California Texas | — | 236 | ||
| 2031 | 2.24 - 3.03(d) | Mesquite Solar 1 | — | 149 | ||
| 2031-2038 | 5.25 - 4.95(d) | Texas Solar 4 | — | 49 | ||
| 2036 | 3.94 | California Solar 2 | — | 86 | ||
| 2036 | 4.07 | California Solar 3 | — | 77 | ||
| 2037 | 4.78 | California Solar | — | 168 | ||
| 2038 | 3.82 | California Solar 4 | — | 265 | ||
| 2039 | 4.82 | Broken Bow II | 62 | 64 | ||
| 2040 | 4.53 | Texas Solar 5 | — | 132 | ||
| 2041 | 4.21 | Texas Solar 7 | — | 180 | ||
| 2042 | 4.45 | Upton County Solar | — | 81 | ||
| 2046 | 3.77 | CED Nevada Virginia | — | 228 | ||
| Other project debt | — | 6 | ||||
| TOTAL PROJECT DEBT | 62 | 2,665 | ||||
| Other long-term debt | — | (1) | ||||
| Unamortized debt expense | (162) | (172) | ||||
| Unamortized debt discount | (60) | (51) | ||||
| TOTAL | 22,240 | 23,441 | ||||
| Less: Long-term debt due within one year | 251 | 1,002 | ||||
| TOTAL LONG-TERM DEBT | 21,989 | 22,439 | ||||
| Less: Held for sale project debt, net (b) | 62 | 2,292 | ||||
| TOTAL LONG-TERM DEBT EXCLUDING HELD FOR SALE | 21,927 | 20,147 | ||||
| TOTAL CAPITALIZATION | $43,085 | $40,834 | ||||
(a)Rates reset weekly; December 31, 2023 rates shown.
(b) On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note W and X.
(c) March 1, 2023 effective rates shown, reflecting variable interest rates on the debt that are reset quarterly or semi-annually. Refer to Note Q for the effect of applicable interest rate swaps.
(d) Range of rates shown reflect multiple tranches associated with the debt.
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