2024-11-14T20:09:43-06:00 2023-12-31 ERNST & YOUNG US LLP 1 MANHATTAN WEST NEW YORK NY 10001 990 2023-01-01 251755731 Orange & Rockland Utilities MGMT WBP % THE BANK OF NEW YORK MELLON ORAN 4122341091 4 IRVING PLACE 2ND FLOOR NEW YORK NY 10003 KIRKLAND ANDREWS SR. VP & CFO 4122341091 2024-11-15 true true NICOLE M SOKOLOWSKI P10683199 2127733000 2024-11-13 2023 2024-10-15 13:58:12Z THE BANK OF NEW YORK MELLON 500 GRANT STREET PITTSBURGH PA 15258 6693888 false X N/A X 1994 NY Provision of employee benefits 1 0 0 0 105270 48210 0 0 4341091 5700937 17140 71055 41596 45678 4399827 5817670 0 0 4555022 5608896 21167 21958 0 0 0 206084 211973 4782273 5842827 -382446 -25157 4365915 5052541 40586 65743 4325329 4986798 PROVISION OF EMPLOYEE BENEFITS false false Provision of employee benefits false false false false false false false false false false true false false true 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 MELLON TRUSTEE (SEE SCHEDULE O) 0.0 0.0 X 21958 0 0 21958 0 0 0 false false false 0 0 EMPLOYER CONTRIBUTIONS 525100 3729013 3729013 EMPLOYEE CONTRIBUTIONS 525100 671590 671590 OTHER CONTRIBUTIONS 525100 1300334 1300334 5700937 108270 108270 0 0 0 0 0 839003 876218 -37215 -37215 -3000 -34215 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 45678 45678 45678 5817670 5700937 105270 11463 0 0 0 5608896 21958 0 0 0 0 0 0 0 36100 0 0 2578 22270 0 0 0 0 0 0 0 0 0 0 0 0 ADMIN FEES 140391 TAX SERVICES 10634 5842827 0 0 19096 80156 0 0 391867 681447 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3804751 4140938 150000 150000 0 0 201 0 4365915 5052541 40586 40410 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25333 40586 65743 X 4325329 4986798 0 0 0 0 4325329 4986798 4365915 5052541 -25157 686626 X X false true X false false CF DV ALL COUNTRY WORLD INDEX 3312994 F CF DV NSL LT CR 820395 F CFCTIF VEH CONED 7549 F 4140938 0 DUE TO ORANGE AND ROCKLAND UTILITIES INC 25333 25333 X 6504297 686627 686627 5817670 5817670 5842828 5842828 5842828 PART X, LINE 2 - ASC740 Accounting principles generally accepted in the United States of America require management of the Plan Sponsor to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. During 2023 and 2022, the Plan filed the Plan's tax returns for 2022 and 2021, respectively. As a result of these filings, the Plan recorded a unrelated business income tax receivable of $260,554 as of December 31, 2023 and $201,176 as of December 31, 2022. Management of the Plan Sponsor has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2023, 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 2020. FORM 990, PART VI, SECTION A, LINES 1A & B THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THE ORANGE & ROCKLAND UTILITIES MGMT WBP. THE PLAN SPONSOR IS ORANGE & ROCKLAND UTILITIES, 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. FORM 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 ORANGE & ROCKLAND UTILITIES MGMT WBP. 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 MELLONS AGREEMENT WITH ORANGE & ROCKLAND UTILITIES, INC. FORM 990, PART XII, LINE 1 MODIFIED CASH BASIS Orange & Rockland Utilities Inc 4 Irving Place 2nd Floor New York NY 10003 131727729 UTILITIES NY NA C Corp false false false false false false false false false false false false false false false false false false false false