Glossary of Terms The following is a glossary of frequently used abbreviations or acronyms that are found throughout this report: Con Edison Companies Con Edison Consolidated Edison, Inc. Con Edison Communications Con Edison Communications, LLC. Con Edison Development Consolidated Edison Development, Inc. Con Edison Energy Consolidated Edison Energy Inc. Con Edison of New York Consolidated Edison Company of New York, Inc. Con Edison Solutions Consolidated Edison Solutions, Inc. O&R Orange and Rockland Utilities, Inc. RECO Rockland Electric Company The Companies Con Edison, Con Edison of New York and O&R The Utilities Con Edison of New York and O&R  Regulatory and State Agencies FERC Federal Energy Regulatory Commission NJBPU New Jersey Boar of Public Utilities NYISO New York Independent System Operator NYPA New York Power Authority NYSERDA New York State Energy Resear ch and Development Authority PSC New York State Public Service Commission PPUC Pennsylvania Public Utility Commission SEC Securities and Exchange Commission Other ABO Accumulated Benefit Obligation APB Accounting Principles Board  AFDC Allowance for Funds used During Construction EITF Emerging Issues Task Force FASB Financial Accounting Standards Board FIN FASB Interpretation No. KV Kilovolts kWh Kilowatt-hour MD&A Management’s Discussion and Analysis of Financial Condition and Results of Operations mdths Thousand dekatherms MVA Megavolt amperes MW Megawatts or thousand kilowatts NUGs Non-utility generators OCI Other Comprehensive Income PCBs Polychlorinated biphenyls RTO Regional Transmission Organizations SFAS Statement of Financial Accounting Standards SMD Standard Market Design Superfund Federal Comprehensive Envir onmental Response, Compensation and Liability Act of 1980 and similar state statutes VaR Value-at-Risk 20 Con Edison Annual Report 2003