Con Edison Announces New Electric Delivery Investments

Consolidated Edison Co. of New York, Inc. (Con Edison) announced that the company is filing new electric rate and investment plans with the New York State Public Service Commission (PSC) to begin April 1, 2009.

Adding another phase to the company’s EnergyNY plan, the rate proposal seeks to address the long-term energy infrastructure investment requirements of New York City and Westchester County, while establishing new permanent demand-reduction and energy-efficiency programs.

As part of the its overall three-year $5.5 billion capital program to enhance electric delivery infrastructure, Con Edison is planning the following investments:

• Construct and energize one new transmission station, three new area substations -- $633 million;
• Install 3,100 miles of high voltage distribution cable -- $567 million;
• Install 3,000 miles of low voltage distribution cable -- $576 million;
• New/replace/upgrade 16 transmission feeders -- $387 million;
• Install 4,500 distribution transformers and six substation transformers and equipment -- $957 million; and
• Replace 600 miles of overhead wire, increase overhead reliability for storm resilience and coastal flood mitigation -- $160 million.

In addition, continued growth in energy demand will require four new substations to be completed over the next three years, and a total of 10 new substations to be constructed over the next decade.