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CONSOLIDATED INCOME STATEMENT - Cecony (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES    
Total operating revenues $ 4,060 $ 3,677
OPERATING EXPENSES    
Depreciation and amortization 529 497
Taxes, other than income taxes 753 704
TOTAL OPERATING EXPENSES 3,261 2,817
Operating income/(loss) 799 860
OTHER INCOME (DEDUCTIONS)    
Investment income (loss) 5 (161)
Allowance for equity funds used during construction 5 5
Other deductions (2) (36)
TOTAL OTHER INCOME (DEDUCTIONS) 90 (186)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 889 674
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 241 227
Other interest income (56) (47)
Allowance for borrowed funds used during construction (3) (4)
NET INTEREST EXPENSE 182 176
INCOME BEFORE INCOME TAX EXPENSE 707 498
INCOME TAX EXPENSE 153 78
NET INCOME 602 419
Subsidiaries    
OPERATING REVENUES    
Total operating revenues 3,517 3,205
OPERATING EXPENSES    
Depreciation and amortization 446 415
Taxes, other than income taxes 721 674
TOTAL OPERATING EXPENSES 2,806 2,419
Operating income/(loss) 711 786
OTHER INCOME (DEDUCTIONS)    
Investment income (loss) 82 4
Allowance for equity funds used during construction 5 5
Other deductions (6) (32)
TOTAL OTHER INCOME (DEDUCTIONS) 81 (23)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 792 763
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 200 184
Other interest income 3 4
Allowance for borrowed funds used during construction (3) (4)
NET INTEREST EXPENSE 200 184
INCOME BEFORE INCOME TAX EXPENSE 592 579
INCOME TAX EXPENSE 117 114
NET INCOME 475 465
Electric    
OPERATING REVENUES    
Total operating revenues 2,250 2,113
Electric | Subsidiaries    
OPERATING REVENUES    
Total operating revenues 2,084 1,968
Gas    
OPERATING REVENUES    
Total operating revenues 1,250 1,076
OPERATING EXPENSES    
Operating costs 443 296
Gas | Subsidiaries    
OPERATING REVENUES    
Total operating revenues 1,131 973
OPERATING EXPENSES    
Operating costs 324 233
Steam    
OPERATING REVENUES    
Total operating revenues 302 264
Steam | Subsidiaries    
OPERATING REVENUES    
Total operating revenues 302 264
Non-utility    
OPERATING REVENUES    
Total operating revenues 258 224
Purchased power    
OPERATING EXPENSES    
Operating costs 487 437
Purchased power | Subsidiaries    
OPERATING EXPENSES    
Operating costs 430 396
Fuel    
OPERATING EXPENSES    
Operating costs 144 93
Fuel | Subsidiaries    
OPERATING EXPENSES    
Operating costs 144 93
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs 905 790
Other operations and maintenance | Subsidiaries    
OPERATING EXPENSES    
Operating costs $ 741 $ 608