Leases (Tables)

12 Months Ended

Dec. 31, 2013

Leases [Abstract]

Schedule of Capital Leases

The following assets under capital leases are included in the Companies’ consolidated balance sheets at December 31, 2013 and 2012:

	Con Edison				CECONY
(Millions of Dollars)	2013		2012		2013		2012
UTILITY PLANT
Common	$	3	$	3	$	2	$	2

Future Minimum Lease Commitments

The future minimum lease commitments for the above assets are as follows:

(Millions of Dollars)	Con Edison			CECONY
2014	$	1		$	1
2015		1			1
2016		-			-
2017		-			-
2018		1			1
All years thereafter		-			-
Total		3			3
Less: amount representing interest		(1	)		(1	)
Present value of net minimum lease payment	$	2		$	2

Future Minimum Rental Payments for Operating Leases

The future minimum lease commitments under the Companies’ non-cancelable operating lease agreements are as follows:

(Millions of Dollars)	Con Edison		CECONY
2014	$	17	$	13
2015		17		13
2016		16		13
2017		16		12
2018		15		12
All years thereafter		90		61
Total	$	171	$	124

Schedule of Leveraged Lease Transactions Effect on Consolidated Income Statement

The effect on Con Edison’s consolidated income statement is as follows:

(Millions of Dollars)	For the Year Ended December 31, 2013
Decrease to non-utility operating revenues	$(27)
Increase to other interest expense	(131)
Income tax benefit	63
Total decrease in net income	$(95)