2020-11-16T11:14:10-06:00 2019-12-31 ERNST & YOUNG US LLP 100 N TRYON ST SUITE 3800 CHARLOTTE NC 28202 990 2019-01-01 134059113 Consolidated Edison Master Retiree Health VEBA Trust for Weekly Employees % THE BANK OF NEW YORK MELLON CONS 4122341091 4 IRVING PLACE 2ND FLOOR new york NY 10003 CAROL SIBLEY VP, BNYMellon 4122341091 2020-11-13 true E SCOTT TIDWELL P01729213 7043726300 2020-11-12 24.232.162.148 35057220203215000027 2020-11-16 P A5F2FECDAE8DB169B1E75CE6C5EFBEE0D18B6ED7 60AC1D3C41FDCBE2E4710A4EF5F9E26B834BB08D 2019 2022-01-07 14:23:13Z THE BANK OF NEW YORK MELLON 500 GRANT STREET PITTSBURGH PA 15258 73383570 false X N/A X 1993 NY The employee benefit plan, funded through the VEBA trust, provides health benefit coverage to all eligible retirees. 1 0 0 0 0 0 0 0 48528950 42329783 1415057 30904849 72732 148938 50016739 73383570 0 0 75241324 66523984 53748 20834 0 0 0 2872789 2609573 78167861 69154391 -28151122 4229179 467361165 548520582 1995028 1854183 465366137 546666399 THE EMPLOYEE BENEFIT PLAN, FUNDED THROUGH THE VEBA TRUST, PROVIDES HEALTH BENEFIT COVERAGE TO ALL ELIGIBLE RETIREES. false false The employee benefit plan, funded through the VEBA trust, provides health benefit coverage to all eligible retirees. false false false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 1 0 false false false false false false false false false false false true false false false false false false X THE BANK OF NEW YORK MELLON 4122341091 500 GRANT STREET Pittsburgh PA 15258 X THE BANK OF NEW YORK M Trustee (See Scheudle O) 0.0 0.0 X 20834 0 0 20834 0 0 0 false false false 0 0 EMPLOYEE CONTRIBUTIONS 525100 20949240 20949240 CONTRIBUTIONS FROM 401(H) 525100 3800000 3800000 OTHER CONTRIBUTIONS 525100 17580543 17580543 42329783 16953506 16953506 0 0 0 0 0 13951343 13951343 13951343 13951343 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 148938 148938 148938 73383570 42329783 31053787 0 0 0 66523984 20834 0 0 0 0 0 0 0 50000 0 0 554406 0 0 0 0 0 0 0 0 0 0 0 0 0 INSURANCE ADMIN FEES 1993617 ACTUARIAL FEES 7514 TAX PREP FEES 3437 FOREIGN TAX EXPENSE 599 69154391 0 0 9721210 8263261 0 0 28379931 19711968 0 0 0 0 0 0 0 0 0 0 0 0 0 0 428052024 519337353 0 0 0 0 1208000 1208000 467361165 548520582 1995028 1854183 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1995028 1854183 X 465366137 546666399 0 0 0 0 465366137 546666399 467361165 548520582 4229179 77071083 X false true X false false COMMON COLLECTIVE TRUST FUNDS 519337353 F 519337353 0 0 X 107975932 77071083 77071083 30904849 42478721 42478721 73383570 26675670 -42478721 -42478721 69154391 69154391 PART X, LINE 2 - ASC740 Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management of the Plan Sponsor analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management of the Plan Sponsor believes it is no longer subject to income tax examinations for years prior to 2016. PART XI, LINE 4B RECLASS OF CONTRIBUTIONS AND OTHER INCOME $42,478,721 PART XII, LINE 2D RECLASS OF CONTRIBUTIONS AND OTHER INCOME $-42,478,721 FORM 990, PART VI, SECTION A, LINES 1A & B THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THE CONSOLIDATED EDISON MASTER RETIREE HEALTH VEBA TRUST FOR WEEKLY EMPLOYEES. THE PLAN SPONSOR IS CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. THE TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH, THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990, PART vi, SECTIONS A & B, LINES 8, 12- 15 THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION AS IT IS A 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, THE ORGANIZATION DOES NOT HAVE EMPLOYEES, THEREFORE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 AS A 501(C)(9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. 990, PART VII, SECTION A, LINE 1A, COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR CONSOLIDATED EDISON MASTER RETIREE HEALTH VEBA TRUST FOR WEEKLY EMPLOYEES. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE FAIR MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. 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