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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 3,595 $ 3,220 $ 8,393 $ 7,495
OPERATING EXPENSES        
Depreciation and amortization 576 512 1,140 1,051
Taxes, other than income taxes 894 782 1,841 1,590
TOTAL OPERATING EXPENSES 3,240 2,900 6,913 6,134
OPERATING INCOME 355 320 1,480 1,331
OTHER INCOME (DEDUCTIONS)        
Investment and other income 17 11 33 30
Allowance for equity funds used during construction 18 10 36 20
Other deductions (8) (16) (22) (27)
TOTAL OTHER INCOME 241 160 462 342
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 596 480 1,942 1,673
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 292 267 584 522
Other interest expense 26 36 64 83
Allowance for borrowed funds used during construction (18) (15) (36) (28)
NET INTEREST EXPENSE 300 288 612 577
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 296 192 1,330 1,096
INCOME TAX EXPENSE 50 (10) 292 174
NET INCOME FOR COMMON STOCK 246 202 1,038 922
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,777 2,550 5,678 5,180
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 711 582 2,253 1,939
OPERATING EXPENSES        
Operating costs 171 68 533 335
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 106 88 460 374
Purchased power        
OPERATING EXPENSES        
Operating costs 649 556 1,370 1,199
Fuel        
OPERATING EXPENSES        
Operating costs 27 15 154 103
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 923 967 1,875 1,856
CECONY        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,340 2,996 7,782 6,967
OPERATING EXPENSES        
Depreciation and amortization 544 482 1,077 993
Taxes, other than income taxes 869 759 1,789 1,540
TOTAL OPERATING EXPENSES 2,993 2,682 6,368 5,663
OPERATING INCOME 347 314 1,414 1,304
OTHER INCOME (DEDUCTIONS)        
Investment and other income 202 147 393 303
Allowance for equity funds used during construction 17 9 33 18
Other deductions (10) (14) (19) (23)
TOTAL OTHER INCOME 209 142 407 298
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 556 456 1,821 1,602
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 277 253 554 495
Other interest expense 25 29 58 71
Allowance for borrowed funds used during construction (16) (13) (33) (26)
NET INTEREST EXPENSE 286 269 579 540
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 270 187 1,242 1,062
INCOME TAX EXPENSE 48 1 275 182
NET INCOME FOR COMMON STOCK 222 186 967 880
CECONY | Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,581 2,370 5,267 4,812
CECONY | Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 653 538 2,055 1,781
OPERATING EXPENSES        
Operating costs 148 57 453 292
CECONY | Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 106 88 460 374
CECONY | Purchased power        
OPERATING EXPENSES        
Operating costs 579 498 1,215 1,076
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 27 15 154 103
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 826 $ 871 $ 1,680 $ 1,659