Association of Edison Illuminating Companies

The Association encourages research and the exchange of technical information through a committee structure, staffed with experts from management of member Companies. The Association's committees exchange information, ideas and solutions to succeed in the ever-changing electric industry. The Association also provides highly valued literature on load research and underground cable specifications. The Association's eight technical committees are as follows: load research & analytics, meter and service, power apparatus, power delivery, power generation, cable engineering, customer service, and data analytics council.

In august 2021, the Association entered into development and service agreements with electric code, llc to develop an event management platform (marc system) and the related hosting services. The cost of developing this platform was $250,000 and the hosting services will be $50,000 per year. The term of the hosting service agreement is three years with automatic successive one year renewal terms until termination by either party. The licensing fee for this platfonn was included as a fixed asset for the year ended december 31, 2022. However, the platform was not placed into service as of december 31, 2022, thus no depreciation or revenue was recognized during the year ended 2022. Certain member Companies will be utilizing this platform. Deferred income of $250,000 related to the licensing fee was included in liabilities related to the invoiced amounts to these members as of december 31, 2022. This deferred income will be recognized at the point in time that the platform is placed into service. Net accounts receivable of $25,000 related to the licensing fee was also included. There will also be income from these members in the future from maintenance fees related to the hosting services.