Schedule I

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)



	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2015	2014	2013
Equity in earnings of subsidiaries	$1,195	$1,101	$1,062
Other income (deductions), net of taxes	27	19	29
Interest expense	(29)	(28)	(29)
Net Income	$1,193	$1,092	$1,062
Comprehensive Income	$1,204	$1,072	$1,090
Net Income Per Share – Basic	$4.07	$3.73	$3.62
Net Income Per Share – Diluted	$4.05	$3.71	$3.61
Dividends Declared Per Share	$2.60	$2.52	$2.46
Average Number Of Shares Outstanding—Basic (In Millions)	293.0	292.9	292.9
Average Number Of Shares Outstanding—Diluted (In Millions)	294.4	294.0	294.4


(a)	These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Cash Flows

(Parent Company Only)



	For the Years Ended December 31,
(Millions of Dollars)	2015	2014	2013
Net Income	$1,193	$1,092	$1,062
Equity in earnings of subsidiaries	(1,195)	(1,101)	(1,062)
Dividends received from:
CECONY	872	712	728
O&R	81	40	38
Competitive energy businesses	8	8	12
Change in Assets:
Special deposits	—	314	(264)
Income taxes receivable	58	(224)	—
Other – net	(382)	(199)	166
Net Cash Flows from Operating Activities	635	642	680
Investing Activities
Contributions to subsidiaries	(15)	(1)	—
Net Cash Flows Used in Investing Activities	(15)	(1)	—
Financing Activities
Net proceeds of short-term debt	162	101	58
Retirement of long-term debt	(2)	(2)	(1)
Issuance of common shares for stock plans, net of repurchases	1	(10)	(8)
Common stock dividends	(733)	(739)	(721)
Net Cash Flows Used in Financing Activities	(572)	(650)	(672)
Net Change for the Period	48	(9)	8
Balance at Beginning of Period	3	12	4
Balance at End of Period	$51	$3	$12


(a)	These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Balance Sheet

(Parent Company Only)



	December 31,
(Millions of Dollars)	2015	2014
Assets
Current Assets
Cash and temporary cash investments	$51	$3
Special deposits	1	1
Accounts receivable – other	4	—
Income taxes receivable	166	224
Accounts receivable from affiliated companies	517	381
Prepayments	34	5
Other current assets	17	4
Total Current Assets	790	618
Investments in subsidiaries	12,737	12,277
Goodwill	406	406
Deferred income tax	11	18
Other noncurrent assets (b)	7	8
Total Assets	$13,951	$13,327
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$2	$2
Notes payable	437	274
Accounts payable to affiliated companies	146	147
Accrued taxes	—	13
Other current liabilities	10	10
Total Current Liabilities	595	446
Total Liabilities	595	446
Long-term debt (b)	304	305
Shareholders’ Equity
Common stock, including additional paid-in capital	5,062	5,023
Retained earnings	7,990	7,553
Total Shareholders’ Equity	13,052	12,576
Total Liabilities and Shareholders’ Equity	$13,951	$13,327


(a)	These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.


(b)	Reflects $3 million in 2014 related to the adoption of ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” See Note C.