CONSOLIDATED EDISON INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Consolidated Statement of Capitalization at December 31, 202 and
| Shares outstandingDecember 31, | At December 31, | |||
|---|---|---|---|---|
| (In Millions) | 2024 | 2023 | 2024 | 2023 |
| TOTAL EQUITY BEFORE ACCUMULATED OTHER COMPREHENSIVE INCOME | 347 | 345 | $21,933 | $21,136 |
| Pension and other postretirement benefit plan liability adjustments, net of taxes | 30 | 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 | 29 | 22 | ||
| TOTAL EQUITY (See Statement of Equity) | $21,962 | $21,158 | ||
| LONG-TERM DEBT (Millions of Dollars) · At December 31, | ||||
|---|---|---|---|---|
| Maturity | Interest Rate | Series | 2024 | 2023 |
| DEBENTURES: | ||||
| 2024 | 3.30 | 2014B | $— | $250 |
| 2026 | 2.90 | 2016B | 250 | 250 |
| 2027 | 6.50 | 1997F | 80 | 80 |
| 2027 | 3.125 | 2017B | 350 | 350 |
| 2027 | 4.825(a) | 2024C | 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 | 500 |
| 2034 | 5.70 | 2004B | 200 | 200 |
| 2034 | 5.50 | 2023B | 600 | 600 |
| 2034 | 5.375 | 2024A | 400 | — |
| 2035 | 5.30 | 2005A | 350 | 350 |
| 2035 | 5.25 | 2005B | 125 | 125 |
| 2035 | 5.125 | 2024D | 450 | — |
| 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 | 900 | ||
| 2053 | 6.59 | 2023A | 50 | 50 | ||
| 2054 | 5.70 | 2024B | 1,000 | — | ||
| 2054 | 5.41 | 2024A | 125 | — | ||
| 2054 | 4.625 | 2014C | 750 | 750 | ||
| 2055 | 5.50 | 2024E | 650 | — | ||
| 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 | $24,675 | $21,950 | ||||
| TAX-EXEMPT DEBT - Notes issued to New York State Energy Research and Development Authority for Facilities Revenue Bonds: | ||||||
|---|---|---|---|---|---|---|
| 2036 | 3.23(b) | 2010A | $— | $225 | ||
| 2039 | 3.47(c) | 2004C | 99 | 99 | ||
| 2039 | 3.40(c) | 2005A | 126 | 126 | ||
| TOTAL TAX-EXEMPT DEBT | 225 | 450 | ||||
| 2039 | 4.82(d) | Broken Bow II | 59 | 62 | ||
| TOTAL PROJECT DEBT | 59 | 62 | ||||
| Unamortized debt expense | (179) | (162) | ||||
| Unamortized debt discount | (70) | (60) | ||||
| TOTAL | 24,710 | 22,240 | ||||
| Less: Long-term debt due within one year | — | 251 | ||||
| TOTAL LONG-TERM DEBT | 24,710 | 21,989 | ||||
| Less: Held for sale project debt, net (c) | 59 | 62 | ||||
| TOTAL LONG-TERM DEBT EXCLUDING HELD FOR SALE | 24,651 | 21,927 | ||||
| TOTAL CAPITALIZATION | $46,613 | $43,085 | ||||
(a) Rates reset quarterly; December 31, 2024 floating rate equals SOFR+0.52 percent.
(b) In November 2024, all of the $225 million of Series 2010A tax-exempt bonds issued for the benefit of CECONY, bearing interest at a weekly rate, were redeemed.
(c) Rates reset weekly; December 31, 2024 rates shown
(d) The sale and transfer of Broken Bow II, including the related debt, was completed in January 2025. See Notes C, W and X.
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