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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,092 $ 3,872 $ 11,587 $ 11,219
OPERATING EXPENSES        
Depreciation and amortization 550 512 1,601 1,506
Taxes, other than income taxes 857 801 2,448 2,282
TOTAL OPERATING EXPENSES 3,230 3,149 9,364 9,340
Operating income (loss) 862 722 2,193 2,745
OTHER INCOME (DEDUCTIONS)        
Investment and other income 17 8 46 23
Allowance for equity funds used during construction 8 7 29 20
Other deductions (17) (18) (44) (57)
TOTAL OTHER INCOME 165 207 507 611
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,027 929 2,700 3,356
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 275 234 797 719
Other interest expense 47 39 131 78
Allowance for borrowed funds used during construction (16) (14) (45) (39)
NET INTEREST EXPENSE 306 259 883 758
INCOME BEFORE INCOME TAX EXPENSE 721 670 1,817 2,598
INCOME TAX EXPENSE 133 144 307 416
NET INCOME 588 526 1,510 2,185
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,669 3,469 8,849 8,309
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 373 353 2,312 2,354
OPERATING EXPENSES        
Operating costs 67 73 402 640
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 49 49 423 425
Purchased power        
OPERATING EXPENSES        
Operating costs 743 796 1,942 1,993
Fuel        
OPERATING EXPENSES        
Operating costs 27 34 130 241
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 986 933 2,841 2,678
CECONY        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,762 3,590 10,730 10,287
OPERATING EXPENSES        
Depreciation and amortization 520 485 1,512 1,428
Taxes, other than income taxes 831 777 2,372 2,207
TOTAL OPERATING EXPENSES 2,959 2,911 8,623 8,537
Operating income (loss) 803 679 2,107 1,750
OTHER INCOME (DEDUCTIONS)        
Investment and other income 149 191 452 566
Allowance for equity funds used during construction 7 6 25 17
Other deductions (18) (13) (41) (33)
TOTAL OTHER INCOME 138 184 436 550
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 941 863 2,543 2,300
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 262 220 757 656
Other interest expense 38 32 108 75
Allowance for borrowed funds used during construction (15) (13) (40) (36)
NET INTEREST EXPENSE 285 239 825 695
INCOME BEFORE INCOME TAX EXPENSE 656 624 1,718 1,605
INCOME TAX EXPENSE 119 109 301 297
NET INCOME 537 515 1,417 1,308
CECONY | Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,376 3,223 8,188 7,722
CECONY | Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 337 318 2,119 2,140
OPERATING EXPENSES        
Operating costs 59 62 352 518
CECONY | Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 49 49 423 425
CECONY | Purchased power        
OPERATING EXPENSES        
Operating costs 642 719 1,718 1,802
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 27 34 130 241
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 880 $ 834 $ 2,539 $ 2,341