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Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three months ended March 31, 2026 and 2025 were as follows:
For the Three Months Ended March 31,
Con Edison (a)CECONY
(Millions of Dollars)2026202520262025
Operating lease cost$18$17$18$17
Operating lease cash flows$5$4$5$4

As of March 31, 2026, CECONY has lease agreements for clean energy facilities that have not yet commenced operation, for which the total present value is $444 million. These clean energy facility leases have lease terms of 15 years and are expected to commence operation within three years.

Right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial for the three months ended March 31, 2026. Additionally, there were no material lease terminations for the three months ended March 31, 2026. For the three months ended March 31, 2025, right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were $8 million. Additionally, there were no material lease terminations for the three months ended March 31, 2025.
Leases Leases
Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three months ended March 31, 2026 and 2025 were as follows:
For the Three Months Ended March 31,
Con Edison (a)CECONY
(Millions of Dollars)2026202520262025
Operating lease cost$18$17$18$17
Operating lease cash flows$5$4$5$4

As of March 31, 2026, CECONY has lease agreements for clean energy facilities that have not yet commenced operation, for which the total present value is $444 million. These clean energy facility leases have lease terms of 15 years and are expected to commence operation within three years.

Right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were immaterial for the three months ended March 31, 2026. Additionally, there were no material lease terminations for the three months ended March 31, 2026. For the three months ended March 31, 2025, right-of-use assets obtained in exchange for operating lease obligations for Con Edison and CECONY were $8 million. Additionally, there were no material lease terminations for the three months ended March 31, 2025.