Consolidated Statement of Capitalization  Consolidated Edison, Inc. * Issued for O&R pollution control financing. ** Rates reset weekly or by auction held every 35 days; December 31, 2003 rate shown. The accompanying notes are an integral part of these financial statements.  *** See Note P. Con Edison Annual Report 2003 55 Long-term debt (Note C)(Millions of Dollars) At December 31, Maturity Interest Rate Series 2003 2002 Debentures: 2003 6-3/8% 1993D $ - $ 150  2003 6.56% 1993D - 35  2004 7-5/8% 1992B 150 150  2005 6-5/8% 1995A 100 100  2005 6-5/8% 2000C 350 350  2007 6.45% 1997B 330 330  2007 7-1/8% 1997J 20 20  2008 6-1/4% 1998A 180 180  2008 6.15% 1998C 100 100  2008 3-5/8% 2003A 200 - 2009 7.15% 1999B 200 200  2010 8-1/8% 2000A 325 325  2010 7-1/2% 2000A 55 55  2010 7-1/2% 2000B 300 300  2012 5-5/8% 2002A 300 300  2013 4-7/8% 2002B 500 500  2013 3.85% 2003B 200 - 2023 7-1/2% 1993G - 380  2026 7-3/4 1996A 100) 100 2027 6-1/2% 1997F 80) 80 2028 7.10% 1998B 105) 105 2028 6.90% 1998D 75) 75 2029 7-1/8% 1994A 150) 150 2029 7.00% 1999G 45) 45 2033 5-7/8% 2003A 175) - 2033 5.10% 2003C 200) - 2039 7.35% 1999A 275) 275 2041 7-1/2% 2001A 400) 400 2042 7-1/4% 2002A 325) 325 Total Debentures 5,240 ) 5,030 Tax-exempt debt - notes issued to New York State Energy Resear ch and Development Authority for Facilities Revenue Bonds: 2014 1.04%** 1994* 55***) 55*** 2015 1.04%** 1995* 44) 44 2020 5-1/4%** 1993B 128) 128 2020 6.10%** 1995A 128) 128 2022 5-3/8%** 1993C 20) 20 2028 6.00%** 1993A 101) 101 2029 7-1/8%** 1994A 100) 100 2034 1.09%** 1999A 292) 292 2036 4.70%** 2001A*** 226) 231 2036 1.10%** 2001B 98) 98 Total Tax-Exempt Debt 1,192 ) 1,197 Subordinated deferrable interest debentures: 2031 7-3/4%%* 1996A -) 275 Other long-term debt 491) 164 Unamortized debt discount (24) (27) Total 6,899 ) 6,639 Less: long-term debt due within one year 166) 473 Total Long-Term Debt 6,733 ) 6,166 Total Capitalization $13,369 ) $12,300