Con Ed to Study Asset Depreciation March 02 2020
In a groundbreaking element of the recently settled Con Edison rate case, the company agreed to perform a study on the impact that addressing climate change may have on the depreciation of its assets. There is a growing awareness that fossil fuel assets, such as gas pipelines, may become “stranded assets” before the end of their currently projected useful life. This is due to the phasing out of burning of fossil fuels in order to cut carbon emissions.
The company issued a scoping document on February 27th that will be considered in a scoping meeting on March 12 from 10 am – 1 pm in the PSC Board Room at 90 Church St. in NYC.
Write to Associate Counsel Grace Su at SUG@coned.com if you plan to participate in the scoping meeting, either in-person or by teleconference. (This is not a webinar, so there is no video, but listening and possibly commenting over the phone is possible.)