Income Tax (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Reconciliation

Reconciliation of the difference between income tax expense and the amount computed by applying the prevailing statutory income tax rate to income before income taxes for the three months ended June 30, 2022 and 2021 is as follows:

	Con Edison				CECONY
(% of Pre-tax income)	2022		2021		2022		2021
STATUTORY TAX RATE
Federal	21	%	21	%	21	%	21	%
Changes in computed taxes resulting from:
State income tax, net of federal income tax benefit	7		5		5		5
Amortization of excess deferred federal income taxes	(17)		(41)		(27)		(38)
Taxes attributable to non-controlling interest	—		14		—		—
Cost of removal	3		5		4		5
Other plant-related items	(1)		(3)		(2)		(3)
Renewable energy credits	(4)		(8)		—		—
Allowance for uncollectible accounts	(2)		(1)		(3)		(1)
Injuries and damages reserve	—		(2)		1		(2)
Reserve for uncertain tax positions	2		—		—		—
Research and development credits	(3)		—		(4)		—
Other	—		—		(1)		(1)
Effective tax rate	6	%	(10)	%	(6)	%	(14)	%

Reconciliation of the difference between income tax expense and the amount computed by applying the prevailing statutory income tax rate to income before income taxes for the six months ended June 30, 2022 and 2021 is as follows:

	Con Edison				CECONY
(% of Pre-tax income)	2022		2021		2022		2021
STATUTORY TAX RATE
Federal	21	%	21	%	21	%	21	%
Changes in computed taxes resulting from:
State income tax, net of federal income tax benefit	6		4		5		5
Amortization of excess deferred federal income taxes	(9)		(14)		(12)		(13)
Taxes attributable to non-controlling interest	1		2		—		—
Cost of removal	1		2		2		2
Other plant-related items	(1)		(1)		(1)		(1)
Renewable energy credits	(2)		(3)		—		—
Reserve for uncertain tax positions	1		—		—		—
Research and development credits	(1)		—		(1)
Effective tax rate	17	%	11	%	14	%	14	%