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Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Other Postretirement Benefits Other Postretirement Benefits
Total Periodic Benefit Credit
The components of the Companies’ total periodic postretirement benefit credit for the three and six months ended June 30, 2024 and 2023 were as follows:
 
For the Three Months Ended June 30,
  
          Con Edison          CECONY
(Millions of Dollars)2024202320242023
Service cost - including administrative expenses$3$4$3$3
Interest cost on projected other postretirement benefit obligation12141012
Expected return on plan assets(17)(18)(14)(14)
Recognition of net actuarial gain(5)(4)(4)(2)
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT$(7)$(4)$(5)$(1)
Cost capitalized(2)(2)(1)(1)
Reconciliation to rate level413—
Total credit recognized$(5)$(5)$(3)$(2)

For the Six Months Ended June 30,
  
          Con Edison          CECONY
(Millions of Dollars)2024202320242023
Service cost - including administrative expenses$6$7$5$6
Interest cost on projected other postretirement benefit obligation24282025
Expected return on plan assets(34)(35)(27)(28)
Recognition of net actuarial gain(10)(8)(7)(4)
Recognition of prior service credit(1)(1)——
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT$(15)$(9)$(9)$(1)
Cost capitalized(3)(3)(2)(2)
Reconciliation to rate level826(2)
Total credit recognized$(10)$(10)$(5)$(5)

For information about the presentation of the components of other postretirement benefit credit, see Note E.

Expected Contributions
Based on estimates as of June 30, 2024, the Companies expect to make a contribution of $7 million (all of which is expected to be made by CECONY) to the other postretirement benefit plans in 2024. The Companies’ policy is to fund the total periodic benefit cost of the plans to the extent tax deductible.