Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2012

Regulatory Assets and Liabilities

Regulatory assets and liabilities at June 30, 2012 and December 31, 2011 were comprised of the following items:

	Con Edison				CECONY
(Millions of Dollars)	2012		2011		2012		2011
Regulatory assets
Unrecognized pension and other postretirement costs		$5,407		$5,852		$5,159		$5,554
Future income tax		1,874		1,798		1,796		1,724
Environmental remediation costs		730		681		615		564
Pension and other postretirement benefits deferrals		214		198		183		157
Revenue taxes		169		163		163		158
Deferred storm costs		121		128		78		80
Net electric deferrals		111		121		111		121
Surcharge for New York State assessment		87		90		80		82
Deferred derivative losses – long-term		70		60		45		44
O&R transition bond charges		42		44		—		—
Preferred stock redemption		30		—		30		—
Workers’ compensation		21		23		20		23
Property tax reconciliation		13		13		—		—
Recoverable energy costs – long-term		—		14		—		14
Other		189		152		177		140
Regulatory assets – long-term		9,078		9,337		8,457		8,661
Deferred derivative losses – current		126		164		104		140
Recoverable energy costs – current		1		—		—		—
Regulatory assets – current		127		164		104		140
Total Regulatory Assets		$9,205		$9,501		$8,561		$8,801
Regulatory liabilities
Allowance for cost of removal less salvage		$   468		$   448		$   389		$   372
Net unbilled revenue deferrals		140		104		140		104
Property tax reconciliation		97		35		97		35
World Trade Center settlement proceeds		72		62		72		62
Long-term interest rate reconciliation		46		30		46		30
Carrying charges on transmission and distribution net plant		41		38		19		14
Gas line losses		17		21		17		21
Expenditure prudence proceeding		15		11		15		11
Energy efficiency programs		8		22		5		20
Other		125		206		106		192
Regulatory liabilities – long-term		1,029		977		906		861
Electric surcharge offset		104		—		104		—
Refundable energy costs – current		69		51		38		12
Revenue decoupling mechanism		59		66		59		66
Deferred derivative gains – current		1		1		1		1
Regulatory liabilities – current		233		118		202		79
Total Regulatory Liabilities		$1,262		$1,095		$1,108		$   940