Document:

Amendment, dated 9/29/09, to The Consolidated Edison Retirement Plan

 Exhibit 10.1.2 
 AMENDMENTS 
 TO THE 
 CONSOLIDATED EDISON RETIREMENT PLAN 
 AUSTERITY RETIREMENT PLAN AMENDMENTS 
 FOR CONSOLIDATED EDISON COMPANY OF NEW YORK,
INC. AND 
 ORANGE AND ROCKLAND UTILITIES, INC. 
 DATED: September 29, 2009 
 Effective July 1, 2009 for Consolidated
Edison Company of New York, Inc. 
 Effective August 1, 2009 for Orange and Rockland Utilities, Inc. 
  

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 Pursuant to resolutions of the Board of Trustees of Consolidated Edison Company of New York,
Inc. (“CECONY”), the Board of Directors of Orange and Rockland Utilities, Inc. (“O&R”) and the Board of Directors of Consolidated Edison, Inc. (“CEI”) dated, approved and adopted on May 13, 2009, and
June 18, 2009, the undersigned hereby approves the amendments to the Retirement Plan, as set forth below. 
 1. The,
Introduction, is amended by adding the following paragraph immediately before the last paragraph in the Introduction: 
 On April 21, 2009, the Public Service Commission of New York State issued an “Order Setting Rates” reflecting a proposed downward adjustment to the revenue requirement of CECONY amounting to $60 million (“April ’09
Austerity Order”). In response to the April ’09 Austerity Order, CECONY adopted certain austerity measures, including a temporary salary reduction for CECONY management employees in salary bands three and above, including employees in band
numbers 63 up to and including 66, as well as officers (“CECONY Austerity Affected Participants”). CECONY decided that the temporary salary reductions should not have an adverse effect on the long-term pension allowances of CECONY
Austerity Affected Participants. Without the Austerity Retirement Plan Amendment, CECONY feared unanticipated and unexpected increases in retirements by CECONY Austerity Affected Participants. 
 Also, on May 15, 2009, the PSC issued an order (“May ’09 Austerity Order”) directing each major electric and gas utility
in New York to examine its capital expenditures, operation and maintenance expenses, and any other areas over which the utility may have discretion in order to identify costs that may be reduced without impairing the ability to provide safe and
adequate service. Pursuant to the May ’09 Austerity Order, O&R adopted certain Austerity Measures, including: (i) a temporary salary freeze for O&R officers and management employees through June 30, 2010, and (ii) certain
amendments that would apply to O&R officers and management employees participating in the Retirement Plan (“O&R Austerity Affected Participants”). 
  

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 2. Article I, Definitions, Section 1.06(b), Annual Basic Straight-Time Compensation, is
amended solely to clarify that a CEI Participant’s annual rate of salary is determined at the end of each calendar quarter instead of each calendar year so that the changed sentences read as follows: 
 (b) ... For a CEI Participant, his or her regular stated annual rate of salary in his or her last pay period in each calendar quarter,
determined prior to any Pre-Tax Contributions, excluding premium pay, overtime pay, payments under deferred compensation, incentive, or other employer benefit or compensation plans, and all other forms of special pay. If a CEI Participant is covered
by a collective bargaining agreement, his or her Annual Basic Straight Time Compensation means his or her hourly rate of pay at the end of each calendar quarter times 520 hours. 
 3. Article I, Definitions, Section 1.06, Annual Basic Straight-Time Compensation, is amended to add subsections 1.06(c), 1.06(d) and
1.06(e) to read as follows: 
 (c) Because of the Austerity Measures and only during the CECONY Austerity Period, for a CECONY
Austerity Affected Participant, Annual Basic Straight-Time Compensation is his or her regular stated annual rate of salary determined on either (i) the last pay period in calendar year 2009 or, if greater, (ii) at the end of June 2009. If
the June 2009 salary rate is higher than a later salary rate, the June 2009 salary rate will be taken into account only if it is higher on account of Austerity Measures. 
 (d) Because of the Austerity Measures and only during the CECONY Austerity Period, for a CEI Participant who is a CECONY Austerity Affected Participant, Annual Basic Straight-Time Compensation is his or
her regular stated annual rate of salary determined on either (i) the last pay period in each calendar quarter or, if greater, (ii) in the last pay period of June 2009. If the June 2009 salary rate is higher than the salary rate at the end
of a later calendar quarter, the June 2009 salary rate will be taken into account only if it is higher on account of Austerity Measures. 
 (e) Because of the Austerity Measures and only during the O&R Austerity Period, for a CEI Participant who is an O&R Management Employee of O&R, Annual Basic Straight-Time Compensation in the
first two calendar quarters of 2010 is the

  

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salary rate he or she would have received but for the Austerity Measures. If the CEI Participant is an O&R Management Employee and, at the end of the Austerity Period, receives an increase in
his or her salary rate, the increased rate will be deemed to have occurred in January 2010 or April 2010, or when it would have otherwise occurred but for the Austerity Measures. 
 4. Article I, Definitions, Section 1.08, Annual O&R Management Compensation, is amended to add a new paragraph at the end to read
as follows: 
 Because of the Austerity Measures and only during the O&R Austerity Period, for an O&R Management
Participant, Annual O&R Management Compensation means his or her regular remuneration except that, if and when an Affected O&R Management Participant receives a salary increase, he or she will be treated as if the salary was increased in
January 2010 or April 2010, when it would have otherwise occurred but for the Austerity Measures. The result is that the O&R Management Participant’s Annual O&R Management Compensation for 2010 will not be his or her regular
remuneration but his or her regular remuneration plus the amount of the increase, if any, taken into account earlier than the date actually received in 2010. 
 5. Article I, Definitions, is amended by adding the following definitions in alphabetical order and renumbering Article I as required. 
 1.0XX Austerity Measures mean, for CECONY, certain measures taken in response to the April ’09 Austerity Order, including a
temporary salary reduction for CECONY Management Employees in salary bands three and above as well as officers. Austerity Measures means, for O&R, certain measures taken in response to the May ’09 Austerity Order, including a temporary
salary freeze for O&R Management Employees as well as officers. 
 1.0xXX CECONY Austerity Affected Participant is a
CECONY management employee in salary bands three and above, including employees in band numbers 63 up to and including 66, as well as officers. 
  

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 1.0XX CECONY Austerity Period for CECONY begins on July 1, 2009 and ends on
June 30, 2010. 
 1.0XX O&R Austerity Period for O&R begins on August 1, 2009 and ends on June 30,
2010. 
 IN WITNESS WHEREOF, the undersigned has executed this instrument this 29th day of September, 2009. 
  

	
	 /s/    Mary Adamo

	Mary Adamo
	Vice President—Human Resources and
	Plan Administrator of the Consolidated Edison Retirement Plan

  

 5Amendment, dated 9/29/09, to The Consolidated Edison Thrift Savings Plan

 Exhibit 10.1.3 
 AMENDMENT 
 TO THE 
 CONSOLIDATED EDISON THRIFT SAVINGS PLAN 
 AUSTERITY THRIFT SAVINGS PLAN AMENDMENT 
 DATED: September 29, 2009

 Effective July 1, 2009 for Consolidated Edison Company of New York, Inc. 
 Effective August 1, 2009 for Orange and Rockland Utilities, Inc. 
  

 1 

 Pursuant to resolutions of the Board of Trustees of Consolidated Edison Company of New York,
Inc. (“CECONY”), the Board of Directors of Orange and Rockland Utilities, Inc. (“O&R”) and the Board of Directors of Consolidated Edison, Inc. (“CEI”) dated, approved and adopted on May 13, 2009, and
June 18, 2009, respectively, the undersigned hereby approves the amendments to the Retirement Plan, as set forth below. 
 1. The, Introduction, is amended by adding the following paragraph immediately before the last paragraph in the Introduction: 
 On April 21, 2009, the Public Service Commission of New York State issued an “Order Setting Rates” reflecting a proposed downward adjustment to the revenue requirement of CECONY amounting
to $60 million (“April ’09 Austerity Order”). In response to the April ’09 Austerity Order, CECONY adopted certain austerity measures, including a temporary reduction of employer matching contributions for CECONY management
participants. 
 Also, on May 15, 2009, the PSC issued an order (“May ’09 Austerity Order”) directing major
electric and gas utilities in New York to examine their capital expenditures, operation and maintenance expenses, and any other areas over which it has discretion in order to identify costs that may be reduced without impairing the ability to
provide safe and adequate service. Pursuant to the May ’09 Austerity Order, O&R has adopted certain austerity measures including a temporary reduction of employer matching contributions for O&R management participants. 
 2. Article III, Contributions, Section 3.05, Participating Contributions Eligible for Employer Contributions, Subsection
3.05(b) is amended by adding at the end of that subsection the following: 
 Effective as of the first day of the “Austerity
Period,” as that term is defined herein, continuing during and ending at the end of the Austerity Period, CECONY will reduce its employer matching contribution. Beginning on July 1, 2009, CECONY will contribute, on behalf of each CECONY
Management Participant who elects to make Pre-Tax Contributions or After-Tax Contributions, 25% of the sum of the Pre-Tax Contributions and After-Tax Contributions made by the CECONY Management

  

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Participant to the Thrift Savings Plan during each month, not to exceed 6% of Compensation for such month. The CECONY Employer Contributions will be matched first on Pre-Tax contributions, and
then on After-Tax Contributions. Employer Contributions during the Austerity Period will not exceed 1.5% of the Participant’s Compensation for each month. Also, effective as of the first day of the Austerity Period, the CECONY True-Up
Contribution for the period July 1, 2009 and December 31, 2009 will equal the difference between 1.5% of such Participant’s Compensation on a semi annual basis minus his or her total Employer Contributions made during July 1,
2009 and December 31, 2009. The CECONY True-Up Contribution for the period January 1, 2009 through June 30, 2009 will equal the difference between 3.0% of such Participant’s Compensation on a semi-annual basis minus his or her
total Employer Contributions made during January 1, 2009 and June 30, 2009. The CECONY True-Up Contribution for 2010 will equal the difference between 1.5% of such Participant’s Compensation on an annual basis minus his or her total
Employer Contributions made during January 1, 2010 and December 31, 2010. If the Austerity Period ends before December 31, 2010, the CECONY True-Up contribution will be based at 1.5% for the shorter time period commencing
January 1, 2010. 
 3. Article III, Contributions, Section 3.05, Participating Contributions Eligible for
Employer Contributions, Subsection 3.05(d) is amended by adding at the end of that subsection the following: 
 Effective as
of the first day of the “Austerity Period,” as that term is defined herein, continuing during and ending at the end of the Austerity Period, O&R will reduce its employer matching contribution. Beginning on August 1, 2009, O&R
will contribute, on behalf of each O&R Management Participant who elects to make Pre-Tax Contributions, 25% of the sum of the Pre-Tax Contributions made on behalf by the O&R Management Participant to the Thrift Savings Plan during each
Payroll Period, not to exceed 6% of Compensation for such Payroll Period. Employer Contributions for each Payroll Period will not exceed 1.5% of the Participant’s Compensation for such Payroll Period. 
 Effective as of the first day of the Austerity Period, the O&R True-Up Contribution will equal the difference between 1.5% of such
Participant’s Compensation during the Austerity Period minus his or her total Employer Contributions made during the

  

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Austerity Period. True-Up Contributions during the Austerity Period will not exceed the amount as will result in the total O&R Employer Contributions exceeding 25% of an O&R Management
Participant’s Pre-Tax Contributions that do not exceed 6% of the O&R Management Participant’s Compensation on an annual basis. 
 4. Article I, Definitions, is amended by adding the following definition in alphabetical order and renumbering Article I as required. 
 1.0XX Austerity Period for CECONY begins on July 1, 2009 and ends on the day designated by CECONY. Austerity Period for
O&R begins on August 1, 2009 and ends on the day designated by O&R. 
 IN WITNESS WHEREOF, the
undersigned has executed this instrument this 29th day of
September, 2009. 
  

	
	 /s/    Mary Adamo

	 Mary Adamo

	 Vice President—Human Resources and

	 Plan Administrator

	 Of the Consolidated Edison Thrift Savings Plan

  

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