On January 8, 2018, Consolidated Edison, Inc. and its subsidiaries Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. entered into an Extension Agreement, effective January 8, 2018, (the “Extension Agreement)” among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent. The Extension Agreement extends the termination date under the $2.25 billion Credit Agreement, dated as of December 7, 2016, among the Companies, the lenders party thereto and Bank of America, N.A., as Administrative Agent from December 7, 2021 to December 7, 2022.