Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information

Schedule I

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2024	2023	2022
Equity in earnings of subsidiaries	$1,904	$1,759	$1,860
Other operating and maintenance expenses	(1)	—	(1)
Taxes other than income taxes	(12)	(2)	(7)
Other income (deductions)	(14)	7	(31)
Interest expense	(18)	(14)	(32)
Income tax benefit (expense)	23	(96)	(129)
Gain (Loss) on the sale of the Clean Energy Businesses	(62)	865	—
Net Income	$1,820	$2,519	$1,660
Comprehensive Income	$1,827	$2,520	$1,677
Net Income Per Share – Basic	$5.26	$7.25	$4.68
Net Income Per Share – Diluted	$5.24	$7.21	$4.66
Dividends Declared Per Share	$3.32	$3.24	$3.16
Average Number Of Shares Outstanding—Basic (In Millions)	346.0	347.7	354.5
Average Number Of Shares Outstanding—Diluted (In Millions)	347.3	349.3	355.8

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Statement of Cash Flows

(Parent Company Only)

	For the Years Ended December 31,
(Millions of Dollars)	2024	2023	2022
Net Cash Flows From Operating Activities	$1,204	$772	$1,015
Investing Activities
Contributions to subsidiaries	(175)	(1,854)	(150)
Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold	—	3,927	—
Net Cash Flows From (Used in) Investing Activities	(175)	2,073	(150)
Financing Activities
Net issuance (payment) of short-term debt	9	57	232
Issuance of term loan	—	200	400
Retirement of term loan	—	(600)	—
Retirement of long-term debt	—	(650)	(293)
Repurchase of common shares	—	(1,000)	—
Issuance of common shares for stock plans	60	56	57
Common stock dividends	(1,100)	(1,096)	(1,089)
Net Cash Flows Used in Financing Activities	(1,031)	(3,033)	(693)
Net Change for the Period	(2)	(188)	172
Balance at Beginning of Period	3	191	19
Balance at End of Period	$1	$3	$191

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc. (a)

Condensed Balance Sheet

(Parent Company Only)

	December 31,
(Millions of Dollars)	2024	2023
Assets
Current Assets
Cash and temporary cash investments	$1	$3
Other receivables, net allowance for uncollectible accounts	64	103
Tax receivable	145	1
Accounts receivable from affiliated companies	300	343
Accrued unbilled revenue	3	4
Prepayments	13	109
Other current assets	1	3
Total Current Assets	527	566
Investments in subsidiaries and others	21,706	20,778
Goodwill	406	406
Pension and retiree benefits - asset	6	5
Other deferred charges and noncurrent assets	356	249
Total Assets	$23,001	$22,004
Liabilities and Shareholders’ Equity
Current Liabilities
Notes payable	$348	$339
Accounts payable	17	30
Accounts payable to affiliated companies	14	12
Accrued taxes	2	15
Accrued taxes to affiliated companies	646	437
Other current liabilities	9	8
Total Current Liabilities	1,036	841
Other noncurrent liabilities	4	5
Total Liabilities	1,040	846
Shareholders’ Equity
Common stock, including additional paid-in capital	10,024	9,898
Retained earnings	11,937	11,260
Total Shareholders’ Equity	21,961	21,158
Total Liabilities and Shareholders’ Equity	$23,001	$22,004

(a)These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.