Electricity Purchase Agreements

12 Months Ended

Dec. 31, 2015

Long-term Contract for Purchase of Electric Power [Line Items]

Electricity Purchase Agreements

Electricity Purchase Agreements

The Utilities have electricity purchase agreements with non-utility generators and others for generating capacity. The Utilities recover their purchased power costs in accordance with provisions approved by the applicable state public utility regulators. See “Recoverable Energy Costs” in Note A.

At December 31, 2015, the significant terms of the electricity purchase agreements with non-utility generators were as follows:

Facility	Equity Owner	Plant Output (MW)	Contracted Output (MW)	Contract Start Date	Contract Term (Years)
Brooklyn Navy Yard	Brooklyn Navy Yard Cogeneration Partners, LP	322	299	November 1996	40
Linden Cogeneration	Cogen Technologies Linden Venture, LP	1,035	609	May 1992	25
Indian Point	Entergy Nuclear Power Marketing, LLC	2,311	500	August 2001	16
Astoria Energy	Astoria Energy, LLC	640	500	May 2006	10

The Utilities also conducted auctions and have entered into various other electricity purchase agreements. Assuming performance by the parties to the electricity purchase agreements, the Utilities are obligated over the terms of the agreements to make capacity and other fixed payments.

The future capacity and other fixed payments under the contracts are estimated to be as follows:

(Millions of Dollars)	2016	2017	2018	2019	2020	All Years Thereafter
Con Edison	$222	$207	$181	$98	$53	$762
CECONY	218	205	181	98	53	762

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 2015, 2014 and 2013 were as follows:

	For the Years Ended December 31,
(Millions of Dollars)	2015	2014	2013
Linden Cogeneration	$323	$381	$346
Indian Point	226	247	220
Astoria Energy	178	230	183
Brooklyn Navy Yard	113	133	118
Indeck Corinth (a)	25	80	79
Selkirk (b)	—	144	215
Independence (b)	—	97	121
Total	$865	$1,312	$1,282

(a) Contract term ended in 2015.

(b) Contract term ended in 2014.

CECONY

Long-term Contract for Purchase of Electric Power [Line Items]

Electricity Purchase Agreements

Electricity Purchase Agreements

The Utilities have electricity purchase agreements with non-utility generators and others for generating capacity. The Utilities recover their purchased power costs in accordance with provisions approved by the applicable state public utility regulators. See “Recoverable Energy Costs” in Note A.

At December 31, 2015, the significant terms of the electricity purchase agreements with non-utility generators were as follows:

Facility	Equity Owner	Plant Output (MW)	Contracted Output (MW)	Contract Start Date	Contract Term (Years)
Brooklyn Navy Yard	Brooklyn Navy Yard Cogeneration Partners, LP	322	299	November 1996	40
Linden Cogeneration	Cogen Technologies Linden Venture, LP	1,035	609	May 1992	25
Indian Point	Entergy Nuclear Power Marketing, LLC	2,311	500	August 2001	16
Astoria Energy	Astoria Energy, LLC	640	500	May 2006	10

The Utilities also conducted auctions and have entered into various other electricity purchase agreements. Assuming performance by the parties to the electricity purchase agreements, the Utilities are obligated over the terms of the agreements to make capacity and other fixed payments.

The future capacity and other fixed payments under the contracts are estimated to be as follows:

(Millions of Dollars)	2016	2017	2018	2019	2020	All Years Thereafter
Con Edison	$222	$207	$181	$98	$53	$762
CECONY	218	205	181	98	53	762

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 2015, 2014 and 2013 were as follows:

	For the Years Ended December 31,
(Millions of Dollars)	2015	2014	2013
Linden Cogeneration	$323	$381	$346
Indian Point	226	247	220
Astoria Energy	178	230	183
Brooklyn Navy Yard	113	133	118
Indeck Corinth (a)	25	80	79
Selkirk (b)	—	144	215
Independence (b)	—	97	121
Total	$865	$1,312	$1,282

(a) Contract term ended in 2015.

(b) Contract term ended in 2014.