Electricity Purchase Agreements

12 Months Ended

Dec. 31, 2011

Electricity Purchase Agreements

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, 2011, 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		691		November 1994		20
Linden Cogeneration	Cogen Technologies Linden Venture, LP		1,035		624		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		274		November 1996		40
Indeck Corinth	Indeck Energy Services of Corinth, Inc.		147		131		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.

For the years 2012 through 2016, the capacity and other fixed payments under the contracts are estimated to be as follows:

(millions of dollars)	2012		2013		2014		2015		2016
CECONY	$	492	$	491	$	433	$	221	$	158

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 2011, 2010, and 2009 were as follows:

	For the Years Ended December 31,
(millions of dollars)	2011		2010		2009
Linden Cogeneration	$	379	$	414	$	395
Indian Point		238		524		620
Astoria Energy		225		223		192
Selkirk		209		185		175
Brooklyn Navy Yard		123		123		124
Independence		121		119		122
Indeck Corinth		77		68		68
Wheelabrator		—		—		10
Total	$	1,372	$	1,656	$	1,706

CECONY [Member]

Electricity Purchase Agreements

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, 2011, 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		691		November 1994		20
Linden Cogeneration	Cogen Technologies Linden Venture, LP		1,035		624		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		274		November 1996		40
Indeck Corinth	Indeck Energy Services of Corinth, Inc.		147		131		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.

For the years 2012 through 2016, the capacity and other fixed payments under the contracts are estimated to be as follows:

(millions of dollars)	2012		2013		2014		2015		2016
CECONY	$	492	$	491	$	433	$	221	$	158

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 2011, 2010, and 2009 were as follows:

	For the Years Ended December 31,
(millions of dollars)	2011		2010		2009
Linden Cogeneration	$	379	$	414	$	395
Indian Point		238		524		620
Astoria Energy		225		223		192
Selkirk		209		185		175
Brooklyn Navy Yard		123		123		124
Independence		121		119		122
Indeck Corinth		77		68		68
Wheelabrator						10
Total	$	1,372	$	1,656	$	1,706