Financial Information by Business Segment (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Financial Data for Business Segments

The financial data for the business segments as of and for the three months ended March 31, 2026 and 2025 were as follows:


	As of and for the Three Months Ended March 31, 2026
	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	$2,758	$5	$649	$387	$1,388	$334	$105	$210	$(12)	$59	$48,656	$823
Gas	1,464	2	137	122	584	621	33	77	(4)	139	18,361	219
Steam	432	20	57	30	194	151	6	15	—	33	2,559	24
Consolidation adjustments	—	(27)	—	—	—	—	—	—	—	—	—	—
Total CECONY	$4,654	$—	$843	$539	$2,166	$1,106	$144	$302	$(16)	$231	$69,576	$1,066
O&R
Electric	282	—	71	22	163	26	8	13	(2)	5	3,046	53
Gas	159	—	22	11	76	50	2	7	—	11	1,506	21
Total O&R	$441	$—	$93	$33	$239	$76	$10	$20	$(2)	$16	$4,552	$74
Con Edison Transmission	1	—	3	—	—	(2)	15	—	—	59	373	15
Other (a)	(1)	—	1	—	1	(3)	—	4	—	(3)	240	—
Total Con Edison	$5,095	$—	$940	$572	$2,406	$1,177	$169	$326	$(18)	$303	$74,741	$1,155

(a) Other includes the parent company, Con Edison’s tax equity investments and consolidation adjustments.

(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).


	As of and 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

(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, with the sale and transfer completed in January 2025. See Note Q.