Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transaction [Line Items]

Related Party Transactions

Related Party Transactions

The Utilities and Con Edison’s competitive businesses provide administrative and other services to each other pursuant to cost allocation procedures approved by the NYSPSC. The costs of administrative and other services provided by CECONY to, and received by it from, Con Edison and its other subsidiaries for the years ended December 31, 2015, 2014 and 2013 were as follows:

	CECONY
(Millions of Dollars)	2015	2014	2013
Cost of services provided	$99	$90	$84
Cost of services received	60	57	52

In addition, CECONY and O&R have joint gas supply arrangements, in connection with which CECONY sold to O&R $54 million, $80 million and $72 million of natural gas for the years ended December 31, 2015, 2014 and 2013, respectively. These amounts are net of the effect of related hedging transactions.

FERC has authorized CECONY through 2017 to lend funds to O&R from time to time, for periods of not more than 12 months, in amounts not to exceed $250 million outstanding at any time, at prevailing market rates. There were no outstanding loans to O&R at December 31, 2015 and 2014.

In January 2016, CECONY entered into an agreement to sell certain electric transmission projects to NY Transco, a company in which CET Electric has a 45.7 percent ownership interest. Also, CECONY, O&R and NY Transco submitted a request to the NYSPSC for authorization in connection with the sale of the projects and the transfer of a substation from CECONY to O&R.

CECONY

Related Party Transaction [Line Items]

Related Party Transactions

Related Party Transactions

The Utilities and Con Edison’s competitive businesses provide administrative and other services to each other pursuant to cost allocation procedures approved by the NYSPSC. The costs of administrative and other services provided by CECONY to, and received by it from, Con Edison and its other subsidiaries for the years ended December 31, 2015, 2014 and 2013 were as follows:

	CECONY
(Millions of Dollars)	2015	2014	2013
Cost of services provided	$99	$90	$84
Cost of services received	60	57	52

In addition, CECONY and O&R have joint gas supply arrangements, in connection with which CECONY sold to O&R $54 million, $80 million and $72 million of natural gas for the years ended December 31, 2015, 2014 and 2013, respectively. These amounts are net of the effect of related hedging transactions.

FERC has authorized CECONY through 2017 to lend funds to O&R from time to time, for periods of not more than 12 months, in amounts not to exceed $250 million outstanding at any time, at prevailing market rates. There were no outstanding loans to O&R at December 31, 2015 and 2014.

In January 2016, CECONY entered into an agreement to sell certain electric transmission projects to NY Transco, a company in which CET Electric has a 45.7 percent ownership interest. Also, CECONY, O&R and NY Transco submitted a request to the NYSPSC for authorization in connection with the sale of the projects and the transfer of a substation from CECONY to O&R.