Financial Information by Business Segment

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and 2023 were as follows:

	For the Three Months Ended September 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	$3,376	$3,223	$5	$4	$376	$352	$998	$867
Gas	337	318	2	2	117	108	(112)	(108)
Steam	49	49	19	19	27	25	(83)	(80)
Consolidation adjustments	—	—	(26)	(25)	—	—	—	—
Total CECONY	$3,762	$3,590	$—	$—	$520	$485	$803	$679
O&R
Electric	293	246	—	—	21	19	72	59
Gas	36	35	—	—	9	7	(9)	(11)
Total O&R	$329	$281	$—	$—	$30	$26	$63	$48
Con Edison Transmission	1	1	—	—	—	1	(1)	(2)
Other (a)	—	—	—	—	—	—	(3)	(3)
Total Con Edison	$4,092	$3,872	$—	$—	$550	$512	$862	$722

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

	For the Nine Months Ended September 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	$8,188	$7,722	$15	$14	$1,090	$1,035	$1,511	$1,292
Gas	2,119	2,140	7	6	343	319	588	533
Steam	423	425	56	55	79	74	8	(75)
Consolidation adjustments	—	—	(78)	(75)	—	—	—	—
Total CECONY	$10,730	$10,287	$—	$—	$1,512	$1,428	$2,107	$1,750
O&R
Electric	662	588	—	—	61	56	97	73
Gas	193	215	—	—	26	22	30	27
Total O&R	$855	$803	$—	$—	$87	$78	$127	$100
Clean Energy Businesses (a)	—	129	—	—	—	—	—	37
Con Edison Transmission	3	3	—	—	1	1	(6)	(6)
Other (b)	(1)	(3)	—	—	1	(1)	(35)	864
Total Con Edison	$11,587	$11,219	$—	$—	$1,601	$1,506	$2,193	$2,745

(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 R and Note S.

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