Estimated project cost percentage

  
Other ContingenciesFor additional contingencies, see "COVID-19 Regulatory Matters" and "Other Regulatory Matters" in Note B, Note G and “Uncertain Tax Positions” in Note J.  
GuaranteesCon Edison and its subsidiaries have entered into various agreements providing financial or performance assurance primarily to third parties on behalf of their subsidiaries. Maximum amounts guaranteed by Con Edison and its subsidiaries under these agreements totaled $2,076 million and $2,157 million at June 30, 2022 and December 31, 2021, respectively.A summary, by type and term, of Con Edison's total guarantees under these agreements at June 30, 2022 is as follows: 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Guarantee Type | 0 – 3 years | 4 – 10 years | > 10 years | Total |
|  | (Millions of Dollars) |
| Con Edison Transmission | $465 | $—  |  | $—  |  | $465 |
| Energy transactions | 478 | 30 | 294 | 802 |
| Renewable electric projects | 315 | 48 | 376 | 739 |
| Other | 70 | —  |  | —  |  | 70 |
| Total | $1,328 | $78 | $670 | $2,076 |

  
Con Edison Transmission — Con Edison has guaranteed payment by CET Electric of the contributions CET Electric agreed to make to New York Transco LLC (NY Transco). CET Electric owns a 45.7 percent interest in NY Transco. In April 2019, the New York Independent System Operator (NYISO) selected a transmission project that was jointly proposed by National Grid and NY Transco. The siting, construction and operation of the project will require approvals and permits from appropriate governmental agencies and authorities, including the NYSPSC. The NYISO indicated it will work with the developers to enter into agreements for the development and operation of the projects, including a schedule for entry into service by December 2023. Guarantee amount shown includes the maximum possible required amount of CET Electric’s contributions for this project as calculated based on the assumptions that the project is completed at 175 percent of its estimated costs and NY Transco does not use any debt financing for the project. Energy Transactions — Con Edison and the Clean Energy Businesses guarantee payments on behalf of their subsidiaries in order to facilitate physical and financial transactions in electricity, gas, pipeline capacity, transportation, oil, renewable energy credits and energy services. To the extent that liabilities exist under the contracts subject to these guarantees, such liabilities are included in Con Edison’s consolidated balance sheet. Renewable Electric Projects — Con Edison and the Clean Energy Businesses guarantee payments on behalf of their wholly-owned subsidiaries associated with their investment in, or development for others of, solar and wind energy facilities.Other — Other guarantees consist of a $70 million guarantee provided by Con Edison to Travelers Insurance Company for indemnity agreements for surety bonds in connection with the operation of solar energy facilities and energy service projects of the Clean Energy Businesses.  
Note I – LeasesOperating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three and six months ended June 30, 2022 and 2021 were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended June 30, |
|  | Con Edison | CECONY |
| (Millions of Dollars) | 2022 | 2021 | 2022 | 2021 |
| Operating lease cost | $22  |  | $22  |  | $17  |  | $16  |  |
| Operating lease cash flows | $8  |  | $8  |  | $4  |  | $4  |  |

  
  
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