Financial Information by Business Segment

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Financial Information by Business Segment

Financial Information by Business Segment

Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities and Con Edison Transmission. CECONY’s principal business segments are its regulated electric, gas and steam utility activities. The financial data for the business segments for the three and six months ended June 30, 2024 and 2023 were as follows:

	For the Three Months Ended June 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income (loss)
(Millions of Dollars)	2024	2023	2024	2023	2024	2023	2024	2023
CECONY
Electric	$2,370	$2,144	$5	$5	$345	$339	$272	$232
Gas	538	531	3	2	112	106	85	83
Steam	88	69	18	18	25	25	(43)	(53)
Consolidation adjustments	—	—	(26)	(25)	—	—	—	—
Total CECONY	$2,996	$2,744	$—	$—	$482	$470	$314	$262
O&R
Electric	180	159	—	—	20	18	12	13
Gas	44	41	—	—	9	8	(3)	(2)
Total O&R	$224	$200	$—	$—	$29	$26	$9	$11
Con Edison Transmission	1	1	—	—	—	—	(2)	(2)
Other (a)	(1)	(1)	—	—	1	—	(1)	13
Total Con Edison	$3,220	$2,944	$—	$—	$512	$496	$320	$284

(a)    Other includes the parent company, Con Edison’s tax equity investments, the deferred project held for sale and consolidation adjustments.

	For the Six Months Ended June 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2024	2023	2024	2023	2024	2023	2024	2023
CECONY
Electric	$4,812	$4,500	$10	$9	$715	$683	$512	$424
Gas	1,781	1,822	5	4	226	211	701	642
Steam	374	375	37	37	52	49	91	5
Consolidation adjustments	—	—	(52)	(50)	—	—	—	—
Total CECONY	$6,967	$6,697	$—	$—	$993	$943	$1,304	$1,071
O&R
Electric	370	341	—	—	40	36	25	14
Gas	157	180	—	—	18	15	39	38
Total O&R	$527	$521	$—	$—	$58	$51	$64	$52
Clean Energy Businesses (a)	—	129	—	—	—	—	—	37
Con Edison Transmission	2	2	—	—	1	—	(5)	(4)
Other (b)	(1)	(2)	—	—	(1)	—	(32)	866
Total Con Edison	$7,495	$7,347	$—	$—	$1,051	$994	$1,331	$2,022

(a)    On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. As a result of this sale, the Clean Energy Businesses are no longer a principal segment. See Note Q and Note R.

(b)    Other includes the parent company, Con Edison’s tax equity investments, the deferred project held for sale and consolidation adjustments.