Pension Benefits (Tables)

6 Months Ended

Jun. 30, 2012

Companies' Net Periodic Benefit Costs

The components of the Companies’ net periodic benefit costs for the three and six months ended June 30, 2012 and 2011 were as follows:

	For the Three Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2012			2011			2012			2011
Service cost – including administrative expenses		$   59			$   47			$   55			$   44
Interest cost on projected benefit obligation		137			140			128			131
Expected return on plan assets		(177	)		(183	)		(168	)		(175	)
Amortization of net actuarial loss		177			132			168			125
Amortization of prior service costs		2			2			2			2
NET PERIODIC BENEFIT COST		$ 198			$ 138			$ 185			$ 127
Amortization of regulatory asset		1			1			1			1
TOTAL PERIODIC BENEFIT COST		$ 199			$ 139			$ 186			$ 128
Cost capitalized		(68	)		(48	)		(63	)		(45	)
Reconciliation to rate level		3			(6	)		2			(7	)
Cost charged to operating expenses		$ 134			$   85			$ 125			$   76

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2012			2011			2012			2011
Service cost – including administrative expenses		$ 118			$   94			$ 110			$   88
Interest cost on projected benefit obligation		274			280			257			262
Expected return on plan assets		(352	)		(366	)		(335	)		(350	)
Amortization of net actuarial loss		354			264			335			250
Amortization of prior service costs		4			4			3			4
NET PERIODIC BENEFIT COST		$ 398			$ 276			$ 370			$ 254
Amortization of regulatory asset		1			1			1			1
TOTAL PERIODIC BENEFIT COST		$ 399			$ 277			$ 371			$ 255
Cost capitalized		(135	)		(96	)		(126	)		(89	)
Reconciliation to rate level		(32	)		(57	)		(36	)		(59	)
Cost charged to operating expenses		$ 232			$ 124			$ 209			$ 107