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Regulatory Matters
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<font style="font-family: ARIAL;" class="_mt" color="#8c8272" size="2"><b>
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<div><font style="font-family: Times New Roman;" class="_mt" size="2">
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<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" color="#8c8272" size="2"><b>Note B — Regulatory Matters </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">Reference is made to "Accounting Policies" in Note A and "Rate Agreements" in Note B to the financial statements included in Item 8 of the Form 10-K and Note B to the financial statements in Part I, Item 1 of the First Quarter Form 10-Q and Second Quarter Form 10-Q. </font></p>
<p style="margin-top: 11px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Rate Agreements </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2"><b>CECONY — Gas </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">In September 2010, the NYSPSC issued an order approving the May 2010 Joint Proposal covering the rates CECONY can charge its customers for gas delivery service during the three-year period October 2010 through September 2013. Among other things, the Joint Proposal provides for gas base rate increases of $47.1 million, $47.9 million and $46.7 million, effective October 2010, 2011 and 2012, respectively. For additional information about the Joint Proposal, see "Rate Agreements" in Note B to the financial statements in Part I, Item 1 of the Second Quarter Form 10-Q. </font></p>
<p style="margin-top: 11px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2"><b>CECONY — Steam </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">In September 2010, the NYSPSC issued an order approving the May 2010 Joint Proposal covering the rates CECONY can charge its customers for steam delivery service during the three-year period October 2010 through September 2013. Among other things, the Joint Proposal provides for steam base rate increases of $49.5 million, effective October 2010 and 2011, and $17.8 million, effective October 2012, with an additional $31.7 million to be collected through a surcharge in the rate year ending September 2013. The NYSPSC order requires CECONY, in its next steam rate case filing, to propose a phase-in over a period of not more than seven years of an increase in the allocation to steam customers of the fuel costs for the company's East River Repowering Project (ERRP, which cogenerates electricity and steam) that are above the market value of the electric energy generated by ERRP. For additional information about the Joint Proposal, see "Rate Agreements" in Note B to the financial statements in Part I, Item 1 of the Second Quarter Form 10-Q. </font></p>
<p style="margin-top: 11px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2"><b>Other Regulatory Matters </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">In February 2009, the NYSPSC commenced a proceeding to examine the prudence of certain CECONY expenditures (see "Investigations of Vendor Payments" in Note H). Pursuant to NYSPSC orders, a portion of the company's revenues (effective April 2010, $249 million, $32 million and $6 million on an annual basis for electric, gas and steam service, respectively) is being collected subject to potential refund to customers. At September 30, 2010, the company had collected an estimated $464 million from customers subject to potential refund in connection with this proceeding. In October 2010, a NYSPSC consultant reported its $21 million provisional assessment, which the company has disputed, of potential overcharges for construction work. The potential overcharges related to transactions that involved certain employees who were arrested and a contractor that performed work for the company. The NYSPSC's consultant is expected to continue to review the company's expenditures. The company is unable to estimate the amount, if any, of any refund that may be required in connection with this proceeding and, accordingly, has not established a regulatory liability for a refund. </font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 11px;"> </p>
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Regulatory Assets and Liabilities </b></font></p>
<p style="margin-top: 2px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">Regulatory assets and liabilities at September 30, 2010 and December 31, 2009 were comprised of the following items: </font></p>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 9px;"> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr><td width="69%"> </td>
<td valign="bottom" width="3%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td>
<td valign="bottom" width="4%"> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> <font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>Con Edison</b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>CECONY</b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"><i> </i><b><i>(Millions of Dollars)</i></b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>2010</b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>2009</b></font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>2010</b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="1"><b>2009</b></font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Regulatory assets</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Unrecognized pension and other postretirement costs</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">4,001</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">4,472</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">3,819</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">4,259</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Future federal income tax</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">1,411</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">1,316</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">1,337</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">1,249</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Environmental remediation costs</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">421</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">388</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">333</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">329</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Surcharge for New York State Assessment</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">185</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">138</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">171</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">126</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Net electric deferrals</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">161</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">82</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">161</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">82</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Pension and other postretirement benefits deferrals</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">158</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">101</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">106</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">49</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Revenue taxes</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">139</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">119</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">135</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">116</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Deferred derivative losses – long-term</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">125</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">106</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">85</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">75</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Deferred storm costs</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">58</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">5</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">43</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Property tax reconciliation</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">52</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">85</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">47</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">85</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">O&R transition bond charges</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">49</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">55</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">World Trade Center restoration costs</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">44</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">41</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">44</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">41</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Workers' compensation</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">34</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">37</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">34</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">37</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Other</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">143</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">158</font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">135</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">142</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Regulatory assets – long-term</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">6,981</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">7,103</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">6,450</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">6,590</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Deferred derivative losses – current</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">268</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">141</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">218</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">104</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Recoverable energy costs – current</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">8</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">31</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid; border-left: #000000 1px dotted;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Regulatory assets – current</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">276</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">172</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid; border-left: #000000 1px dotted;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">218</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">104</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Total Regulatory Assets</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">7,257</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">7,275</font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">6,668</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">6,694</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Regulatory liabilities</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Allowance for cost of removal less salvage</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">405</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">371</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">334</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">303</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Net unbilled revenue deferrals</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">126</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">91</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">126</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">91</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Refundable energy costs</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">78</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">118</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">53</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">77</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Revenue decoupling mechanism</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">55</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">55</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">New York State tax refund</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">29</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">29</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Gain on sale of First Avenue properties</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">23</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">23</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Gain on sale of 125th Street Property</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">12</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">12</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Rate case amortizations</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">5</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">21</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">5</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">21</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Electric rate case deferral</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">19</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">19</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">2005-2008 capital expenditure reserve</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">24</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">24</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Other</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">198</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">162</font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">173</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">145</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Regulatory liabilities</font></p></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">931</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">829</font></td>
<td style="border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">810</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom"><font class="_mt" size="1"> </font></td>
<td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">703</font></td>
<td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 2em;"><font style="font-family: ARIAL;" class="_mt" size="1">Deferred derivative gains – current</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">9</font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">—</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">8</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr>
<tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top">
<p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: ARIAL;" class="_mt" size="1">Total Regulatory Liabilities</font></p></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">931</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">838</font></td>
<td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">810</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font class="_mt" size="1"> </font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="1">$</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="1">711</font></td>
<td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="1"> </font></td></tr></table>
<p style="margin-top: 0px; margin-bottom: 0px; font-size: 9px;"> </p>
<p style="margin-top: 0px; margin-bottom: 0px;"><font style="font-family: Times New Roman;" class="_mt" size="2">"Net electric deferrals" at September 30, 2010 represent the remaining unamortized balance of certain regulatory assets and liabilities of CECONY that were combined effective April 1, 2010 and are being amortized to income, in accordance with CECONY's April 2010 rate plan. At December 2009, "net electric deferrals" represented the remaining unamortized balance of certain regulatory assets and liabilities of CECONY that were combined effective April 1, 2005 and were amortized to income in accordance with CECONY's April 2009 rate plan through March 2010. </font></p></div></div></div></div>
Note B — Regulatory Matters
Reference is made to "Accounting Policies" in Note A and "Rate Agreements" in Note B to the financial statements included in
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Describes all of the specific regulatory matters that are pending, including the regulatory authorities involved and the potential impacts.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 97-4
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 90
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