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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 3,220 $ 2,944 $ 7,495 $ 7,347
OPERATING EXPENSES        
Depreciation and amortization 512 496 1,051 994
Taxes, other than income taxes 782 716 1,590 1,482
TOTAL OPERATING EXPENSES 2,900 2,673 6,134 6,192
Operating income (loss) 320 284 1,331 2,022
OTHER INCOME (DEDUCTIONS)        
Investment and other income 11 8 30 16
Allowance for equity funds used during construction 10 6 20 13
Other deductions (16) (17) (27) (39)
TOTAL OTHER INCOME 160 207 342 404
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 480 491 1,673 2,426
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 267 234 522 485
Other interest expense 36 14 83 39
Allowance for borrowed funds used during construction (15) (12) (28) (25)
NET INTEREST EXPENSE 288 236 577 499
INCOME BEFORE INCOME TAX EXPENSE 192 255 1,096 1,927
INCOME TAX EXPENSE (BENEFIT) (10) 29 174 272
NET INCOME 202 226 922 1,658
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,550 2,303 5,180 4,840
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 582 571 1,939 2,001
OPERATING EXPENSES        
Operating costs 68 99 335 567
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 88 69 374 375
Purchased power        
OPERATING EXPENSES        
Operating costs 556 495 1,199 1,198
Fuel        
OPERATING EXPENSES        
Operating costs 15 18 103 207
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 967 849 1,856 1,744
CECONY        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,996 2,744 6,967 6,697
OPERATING EXPENSES        
Depreciation and amortization 482 470 993 943
Taxes, other than income taxes 759 694 1,540 1,430
TOTAL OPERATING EXPENSES 2,682 2,482 5,663 5,626
Operating income (loss) 314 262 1,304 1,071
OTHER INCOME (DEDUCTIONS)        
Investment and other income 147 190 303 376
Allowance for equity funds used during construction 9 5 18 11
Other deductions (14) (11) (23) (20)
TOTAL OTHER INCOME 142 184 298 367
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 456 446 1,602 1,438
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 253 220 495 436
Other interest expense 29 14 71 43
Allowance for borrowed funds used during construction (13) (11) (26) (23)
NET INTEREST EXPENSE 269 223 540 456
INCOME BEFORE INCOME TAX EXPENSE 187 223 1,062 982
INCOME TAX EXPENSE (BENEFIT) 1 34 182 189
NET INCOME 186 189 880 793
CECONY | Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,370 2,144 4,812 4,500
CECONY | Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 538 531 1,781 1,822
OPERATING EXPENSES        
Operating costs 57 91 292 456
CECONY | Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 88 69 374 375
CECONY | Purchased power        
OPERATING EXPENSES        
Operating costs 498 452 1,076 1,083
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 15 18 103 207
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 871 $ 757 $ 1,659 $ 1,507