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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,530 $ 4,092 $ 12,924 $ 11,587
OPERATING EXPENSES        
Depreciation and amortization 586 550 1,726 1,601
Taxes, other than income taxes 953 857 2,794 2,448
TOTAL OPERATING EXPENSES 3,562 3,230 10,476 9,364
OPERATING INCOME 968 862 2,448 2,193
OTHER INCOME (DEDUCTIONS)        
Investment and other income 18 17 51 46
Allowance for equity funds used during construction 16 8 52 29
Other deductions (11) (17) (33) (44)
TOTAL OTHER INCOME 231 165 693 507
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,199 1,027 3,141 2,700
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 292 275 875 797
Other interest expense 31 47 96 131
Allowance for borrowed funds used during construction (14) (16) (49) (45)
NET INTEREST EXPENSE 309 306 922 883
INCOME BEFORE INCOME TAX EXPENSE 890 721 2,219 1,817
INCOME TAX EXPENSE 202 133 493 307
NET INCOME FOR COMMON STOCK 688 588 1,726 1,510
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 4,040 3,669 9,718 8,849
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 433 373 2,686 2,312
OPERATING EXPENSES        
Operating costs 113 67 646 402
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 56 49 517 423
Purchased power        
OPERATING EXPENSES        
Operating costs 905 743 2,276 1,942
Fuel        
OPERATING EXPENSES        
Operating costs 40 27 194 130
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 965 986 2,840 2,841
CECONY        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 4,181 3,762 11,963 10,730
OPERATING EXPENSES        
Depreciation and amortization 554 520 1,631 1,512
Taxes, other than income taxes 928 831 2,717 2,372
TOTAL OPERATING EXPENSES 3,267 2,959 9,635 8,623
OPERATING INCOME 914 803 2,328 2,107
OTHER INCOME (DEDUCTIONS)        
Investment and other income 198 149 590 452
Allowance for equity funds used during construction 14 7 48 25
Other deductions (11) (18) (30) (41)
TOTAL OTHER INCOME 201 138 608 436
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,115 941 2,936 2,543
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 276 262 830 757
Other interest expense 25 38 83 108
Allowance for borrowed funds used during construction (12) (15) (45) (40)
NET INTEREST EXPENSE 289 285 868 825
INCOME BEFORE INCOME TAX EXPENSE 826 656 2,068 1,718
INCOME TAX EXPENSE 187 119 462 301
NET INCOME FOR COMMON STOCK 639 537 1,606 1,417
CECONY | Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,733 3,376 9,000 8,188
CECONY | Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 392 337 2,446 2,119
OPERATING EXPENSES        
Operating costs 97 59 551 352
CECONY | Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 56 49 517 423
CECONY | Purchased power        
OPERATING EXPENSES        
Operating costs 777 642 1,991 1,718
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 40 27 194 130
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 871 $ 880 $ 2,551 $ 2,539