Financial Information by Business Segment

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Financial Information by Business Segment

Financial Information by Business Segment

Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities and Con Edison Transmission. CECONY’s principal business segments are its regulated electric, gas and steam utility activities. The financial data for the business segments for the three months ended March 31, 2025 and 2024 were as follows:

	For the Three Months Ended March 31, 2025
	Operating revenues	Inter-segment revenues	Other operations and maintenance (b)	Depreciation and amortization	Other operating expense (b)	Operating income (loss)	Other Income (deductions)	Interest Expense	Allowance for borrowed funds used during construction	Income Tax Expense	Total assets	Capital expenditures
(Millions of Dollars)
CECONY
Electric	$2,686	$5	$659	$389	$1,348	$289	$154	$219	($12)	$37	$46,214	$691
Gas	1,401	2	139	118	505	640	32	76	(4)	159	16,718	272
Steam	354	20	56	26	134	138	12	15	(1)	31	2,874	29
Consolidation adjustments	—	(27)	—	—	—	—	—	—	—	—	—	—
Total CECONY	$4,441	$—	$854	$533	$1,987	$1,067	$198	$310	($17)	$227	$65,806	$992
O&R
Electric	215	—	75	21	102	17	9	11	(1)	3	2,709	59
Gas	141	—	20	10	66	45	3	6	—	10	1,435	26
Total O&R	$356	$—	$95	$31	$168	$62	$12	$17	($1)	$13	$4,144	$85
Con Edison Transmission	1	—	2	—	—	(1)	16	—	—	5	481	14
Other (a)	—	—	1	—	2	(3)	(5)	4	—	(3)	260	—
Total Con Edison	$4,798	$—	$952	$564	$2,157	$1,125	$221	$331	($18)	$242	$70,691	$1,091

	For the Three Months Ended March 31, 2024
	Operating revenues	Inter-segment revenues	Other operations and maintenance (b)	Depreciation and amortization	Other operating expense (b)	Operating income (loss)	Other Income (deductions)	Interest Expense	Allowance for borrowed funds used during construction	Income Tax Expense	Total assets	Capital expenditures
(Millions of Dollars)
CECONY
Electric	$2,441	$4	$612	$370	$1,219	$240	$118	$201	($9)	($4)	$42,172	$733
Gas	1,243	2	128	114	386	615	29	69	(3)	152	16,715	259
Steam	287	19	49	26	78	134	9	13	(1)	33	3,017	30
Consolidation adjustments	—	(25)	—	—	—	—	—	—	—	—	—	—
Total CECONY	$3,971	$—	$789	$510	$1,683	$989	$156	$283	($13)	$181	$61,904	$1,022
O&R
Electric	195	—	75	20	86	14	6	10	(1)	3	2,387	50
Gas	113	—	21	9	41	42	2	5	—	10	1,360	18
Total O&R	$308	$—	$96	$29	$127	$56	$8	$15	$(1)	$13	$3,747	$68
Con Edison Transmission	1	—	4	—	—	(3)	18	—	—	4	431	—
Other (a)	—	—	(1)	—	32	(31)	—	5	—	(14)	598	—
Total Con Edison	$4,280	$—	$888	$539	$1,842	$1,011	$182	$303	($14)	$184	$66,680	$1,090

(a)    Other includes the parent company, Con Edison’s tax equity investments, consolidation adjustments and Broken Bow II, the deferred project that was classified as held for sale at December 31, 2024, the sale and transfer of which was completed in January 2025.

(b)    Other operations and maintenance expenses constitute significant segment expenses which are regularly provided to the chief operating decision makers. Other operating expense includes other segment items (purchased power, fuel, gas purchased for resale, taxes other than income taxes).