Pension Benefits (Tables)

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Total Periodic Benefit Costs

The components of the Companies’ total periodic benefit credit for the three and nine months ended September 30, 2024 and 2023 were as follows:

	For the Three Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2024	2023	2024	2023
Service cost – including administrative expenses	$44	$40	$42	$38
Interest cost on projected benefit obligation	160	162	151	153
Expected return on plan assets	(282)	(279)	(269)	(265)
Recognition of net actuarial gain	(1)	(58)	(2)	(55)
Recognition of prior service credit	(4)	(4)	(5)	(5)
TOTAL PERIODIC BENEFIT CREDIT	$(83)	$(139)	$(83)	$(134)
Cost capitalized	(22)	(19)	(21)	(18)
Reconciliation to rate level	12	72	10	66
Total credit recognized	$(93)	$(86)	$(94)	$(86)

	For the Nine Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2024	2023	2024	2023
Service cost – including administrative expenses	$133	$122	$126	$113
Interest cost on projected benefit obligation	481	486	453	458
Expected return on plan assets	(846)	(837)	(807)	(795)
Recognition of net actuarial gain	(4)	(174)	(5)	(164)
Recognition of prior service credit	(13)	(12)	(15)	(15)
TOTAL PERIODIC BENEFIT CREDIT	$(249)	$(415)	$(248)	$(403)
Cost capitalized	(68)	(61)	(65)	(58)
Reconciliation to rate level	39	218	31	202
Total credit recognized	$(278)	$(258)	$(282)	$(259)

The components of the Companies’ total periodic other postretirement benefit credit for the three and nine months ended September 30, 2024 and 2023 were as follows:

	For the Three Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2024	2023	2024	2023
Service cost - including administrative expenses	$3	$4	$3	$3
Interest cost on projected other postretirement benefit obligation	12	14	10	12
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)	(2)
Reconciliation to rate level	4	1	3	—
Total credit recognized	$(5)	$(5)	$(3)	$(3)

	For the Nine Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2024	2023	2024	2023
Service cost - including administrative expenses	$9	$11	$8	$9
Interest cost on projected other postretirement benefit obligation	35	43	30	37
Expected return on plan assets	(51)	(53)	(41)	(42)
Recognition of net actuarial gain	(14)	(12)	(11)	(6)
Recognition of prior service credit	(1)	(1)	—	—
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT	$(22)	$(12)	$(14)	$(2)
Cost capitalized	(4)	(5)	(4)	(4)
Reconciliation to rate level	12	2	10	(2)
Total credit recognized	$(14)	$(15)	$(8)	$(8)