Contractual Obligations  32 Con Edison Annual Report 2003 The Companies’ commitments to make payments in addition to these contractual commitments are their other liabilities reflected in their balance sheets and Con Edison’ guarantees of certain obligations of its subsidiaries. See Notes S and T to the financial statements. (b) Represents commitments to purchase electric energy and capacity natural gas and natural gas pipeline capacity and operation and maintenance generation service agreements entered into (a) by Con Edison’s unregulated subsidiaries. (a) Other purchase obligations for the Utilities exclude amounts included in other contractual obligations shown on the table. Amounts shown for purchase obligations were derived from (a) the Utilities’ purchasing systems as the difference between the amounts authorized and the amounts paid (or vouchered to be paid) for each obligation. For most of its purchase obligations,  (a) the Utilities are committed to purchase less than the amount authorized, typically a 10 percent commitment. These other purchase obligations reflect capital and operations and maintenance (a) costs entered into by the Utilities in running their day to day operations. Payments of the other pur chase obligations are assumed to be made ratably over the terms of the obligations. The following tables summarize the Companies’ material obligations at December 31, 2003, to make payments pursuant to  contracts. Long-term debt, capital lease obligations and other long-term liabilities are included on their balance sheets. Operating leases and non-utility generator (NUG) contracts (for which undiscounted future annual payments are shown) are disclosed in the notes to the financial statements.  Payments Due by Period (Millions of Dollars) Less than 1 – 3 4-5 After 5  Contractual Obligations Total 1 year years years years Long-term debt (Note C) Con Edison of New York $15,609 $1,150 $2,450 $2,610 $ 4,399 O&R 302 - - 20 282 Unregulated subsidiaries and parent 1,012 16 37 245 714 Total Long-term debt $16,923 $1,166 $2,487 $2,875 $ 5,395 Capital lease obligations (Note K) Con Edison of New York $16,965 $ 1, 8 $1,114 $1,115 $ 28 Unregulated subsidiaries 6 6 - - - Total Capital lease obligations $16,971 $1,114 $1,114 $1,115 $ 28 Operating leases (Notes K and T) Con Edison of New York $16,982 $1,140 $1,113 $1,110 $ 19 O&R 28 3 4 4 17 Unregulated subsidiaries 48 8 14 16 10 Total operating leases $16,158 $1,151 $1,131 $1,130 $ 46 Purchase obligations:  Non-utility generator contracts – Utilities (Note I) Con Edison of New York $18,112 $1,530 $1,065 $1,171 $ 5,346 O&R 6,9105 57 48 - - Total non-utility generator contracts $18,217 $1,587 $1,113 $1,171 $ 5,346 Natural gas supply, transportation, and storage contracts – Utilities Con Edison of New York $16,298 $1,101 $1,187 $1,161 $2, 7 49 O&R 122 41 36 25 20 Total natural gas supply, transportation and storage contracts $16,420 $1,142 $2,123 $1,186 $2, 7 69 Other purchase obligations(a) Con Edison of New York $11,136 $1,228 $2,455 $2,453 $11 ,19- O&R 80 17 32 31 - Total other purchase obligations $11,216 $1,245 $2,487 $2,484 $11 ,19- Unregulated subsidiary commodity and service agreements(b) $ 661 $1,254 $2,173 $2,742 $11,192 Total $17,666 $1,459 $2,428 $2,703 $11,076