2.2.0.7 false Derivative Instruments and Hedging Activities (Tables) 31103 - Disclosure - Derivative Instruments and Hedging Activities (Tables) true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit14 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 5 Energy price hedging fair values 3 ed_ScheduleOfEnergyPriceHedgesFairValueTextBlock ed false na duration Schedule of Energy Price Hedges, Fair Value false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="48%"> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="8%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="6" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="6" align="center">CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">2010</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">2009</td> <td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">2010</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">2009</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Fair value of net derivative (liabilities) – gross</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(436</td> <td valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(266</td> <td style="border-right: #8c8272 1px dotted;" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(248</td> <td valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(137</td> <td valign="bottom">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Impact of netting of cash collateral</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">282</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">162</td> <td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">143</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">87</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Fair value of net derivative (liabilities) – net</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(154</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(104</td> <td style="border-bottom: #8c8272 1px solid; border-right: #8c8272 1px dotted;" valign="bottom">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(105</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(50</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">) </td></tr></table> </div>      Con Edison     CECONY   (Millions of false false false us-types:textBlockItemType textblock Schedule of Energy Price Hedges, Fair Value No authoritative reference available. false 6 Fair values of the Companies' commodity derivatives 3 us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> The fair values of the Companies' commodity derivatives at September 30, 2010 were:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="44%"> </td> <td valign="bottom" width="4%"> </td> <td width="39%"> </td> <td valign="bottom" width="5%"> </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"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Fair Value of Commodity Derivatives(a) Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" align="center">Asset Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Other current assets</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">234</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">18</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Other deferred charges and non-current assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">67</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">12</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Total asset derivatives</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">301</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">30</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Impact of netting</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(181</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">6</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net asset derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">120</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">36</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" align="center">Liability Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Fair value of derivative liabilities</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">538</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Other current liabilities</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">192</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Fair value of derivative liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">199</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">86</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Total liability derivatives</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">737</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">278</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Impact of netting</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(463</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(137</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net liability derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">274</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">141</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table>   The fair value of the Companies' commodity derivatives at December 31, 2009 were:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="44%"> </td> <td valign="bottom" width="4%"> </td> <td width="39%"> </td> <td valign="bottom" width="5%"> </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"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Fair Value of Commodity Derivatives(a) Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" align="center">Asset Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Fair value of derivative assets</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">213</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">40</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Other deferred charges and non-current assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">148</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">19</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Total asset derivatives</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">361</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">59</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Impact of netting</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(231</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(20</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net asset derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">130</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">39</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" align="center">Liability Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Fair value of derivative liabilities</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">401</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">110</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Fair value of derivative liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">226</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">86</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Total liability derivatives</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">627</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">196</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Impact of netting</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(393</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(107</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net liability derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">234</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">89</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> </div> The fair values of the Companies' commodity derivatives at September 30, 2010 were:   (Millions of Dollars)   Fair false false false us-types:textBlockItemType textblock This element can be used as an alternative for disclosing the entity's tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position as a single block of text. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a false 7 Changes in the fair values of commodity derivatives 3 us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> The following table presents the changes in the fair values of commodity derivatives that have been deferred or recognized in earnings for the three and nine months ended September 30, 2010:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="43%"> </td> <td valign="bottom" width="4%"> </td> <td width="39%"> </td> <td valign="bottom" width="5%"> </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" colspan="10" nowrap="nowrap" align="center">Realized and Unrealized Gains/(Losses) on Commodity Derivatives(a) Deferred or Recognized in Income for the Three Months Ended September 30, 2010</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10" nowrap="nowrap"> Pre-tax gains/(losses) deferred in accordance with accounting rules for regulated operations:</td> <td valign="top" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Current</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Other current liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(3</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(3</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(3</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(3</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Other current assets</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(61</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(54</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Recoverable energy costs</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(70</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(63</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">4</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">7</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Total deferred losses</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(127</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(110</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(130</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(113</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Income Statement Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10"> Pre-tax gain/(loss) recognized in income</td> <td valign="top">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Purchased power expense</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(26</td> <td valign="bottom" nowrap="nowrap">)(b) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Gas purchased for resale</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(1</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Non-utility revenue</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">4</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">(b) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total pre-tax gain/(loss) recognized in income</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(23</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">For the three months ended September 30, 2010, Con Edison recorded in non-utility operating revenues and purchased power expense an unrealized pre-tax gain/(loss) of $(3)million and $(34) million, respectively. </td></tr></table>   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="43%"> </td> <td valign="bottom" width="4%"> </td> <td width="39%"> </td> <td valign="bottom" width="5%"> </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" colspan="10" nowrap="nowrap" align="center">Realized and Unrealized Gains/(Losses) on Commodity Derivatives(a) Deferred or Recognized in Income for the Nine Months Ended September 30, 2010</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10" nowrap="nowrap"> Pre-tax gains/(losses) deferred in accordance with accounting rules for regulated operations:</td> <td valign="top" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Current</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Other current liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(8</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(8</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(8</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(8</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Other current assets</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(127</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(114</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Recoverable energy costs</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(205</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(172</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(19</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(11</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td valign="top"> Total deferred losses</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(351</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(297</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(359</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(305</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Income Statement Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10"> Pre-tax gain/(loss) recognized in income</td> <td valign="top">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Purchased power expense</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(132</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Gas purchased for resale</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(7</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Non-utility revenue</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">21</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">(b) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total pre-tax gain/(loss) recognized in income</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(118</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">For the nine months ended September 30, 2010, Con Edison recorded in non-utility operating revenues and purchased power expense an unrealized pre-tax gain/(loss) of $(1) million and $(34) million, respectively. </td></tr></table> The following table presents the changes in the fair values of commodity derivatives that have been deferred or recognized in earnings for the three and nine months ended September 30, 2009:   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="5%"> </td> <td width="37%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" nowrap="nowrap" align="center">Realized and Unrealized Gains/(Losses) on Commodity Derivatives(a) Deferred or Recognized in Income for the Three Months Ended September 30, 2009</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison of New York</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10" nowrap="nowrap"> Pre-tax gains/(losses) deferred in accordance with accounting rules for regulated operations:</td> <td valign="top" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Deferred derivative gains</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">4</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">4</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">2</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total deferred gains</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">6</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">4</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Deferred derivative losses</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">111</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">97</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Recoverable energy costs</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(158</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(134</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">29</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">21</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Total deferred losses</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(18</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(16</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(12</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(12</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Income Statement Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10"> Pre-tax gain/(loss) recognized in income</td> <td valign="top">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Purchased power expense</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(176</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Gas purchased for resale</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(9</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Non-utility revenue</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">27</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">(b) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total pre-tax gain/(loss) recognized in income</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(158</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">For the three months ended September 30, 2009, Con Edison recorded in non-utility operating revenues an unrealized pre-tax gain of $28 million. </td></tr></table>   <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="42%"> </td> <td valign="bottom" width="5%"> </td> <td width="37%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" nowrap="nowrap" align="center"> Realized and Unrealized Gains/(Losses) on Commodity Derivatives(a) Deferred or Recognized in Income for the Nine Months Ended September 30, 2009</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Balance Sheet Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" align="center">Con Edison of New York</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10" nowrap="nowrap"> Pre-tax gains/(losses) deferred in accordance with accounting rules for regulated operations:</td> <td valign="top" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Deferred derivative gains</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(9</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(9</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory liabilities</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">3</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total deferred gains</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(6</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(9</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Deferred derivative losses</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">136</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">136</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Current</td> <td valign="bottom"> </td> <td valign="bottom">Recoverable energy costs</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(462</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(394</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Long term</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Regulatory assets</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">8</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">4</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Total deferred losses</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(318</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(254</td> <td valign="bottom" nowrap="nowrap">) </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Net deferred losses</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(324</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(263</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Income Statement Location</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top" colspan="10"> Pre-tax gain/(loss) recognized in income</td> <td valign="top">  </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Purchased power expense</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(432</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> </td> <td valign="bottom"> </td> <td valign="bottom">Gas purchased for resale</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(7</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#e5e5e5"><td style="border-bottom: #8c8272 1px solid;" valign="top"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">Non-utility revenue</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(5</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">)(b) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Total pre-tax gain/(loss) recognized in income</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">(444</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">For the nine months ended September 30, 2009, Con Edison recorded in non-utility operating revenues an unrealized pre-tax gain of $2 million. </td></tr></table> </div> The following table presents the changes in the fair values of commodity derivatives that have been deferred or recognized in earnings for the three and nine false false false us-types:textBlockItemType textblock Schedule of the location and amount of gains and losses reported in the statement of financial performance (or when applicable, the statement of financial position, for example, gains and losses initially recognized in other comprehensive income) on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b false 8 Number of derivative contracts by commodity type 3 us-gaap_ScheduleOfDerivativeInstrumentsTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="29%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="14" nowrap="nowrap" align="center">Electric Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="10" nowrap="nowrap" align="center">Gas Derivatives</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Number of Energy Contracts(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">MWhs(b)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Number of Capacity Contracts(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">MWs(b)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Number of Contracts(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Dths(b)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"> Total Number of Contracts(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Con Edison</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">690</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">18,268,063</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">63</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,075</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">722</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">141,570,000</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,475</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> CECONY</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">137</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">3,738,600</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">—</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">556</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">131,790,000</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">693</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Qualifying derivative contracts, which have been designated as normal purchases or normal sales contracts, are not reported at fair value under the accounting rules for derivatives and hedging and, therefore, are excluded from the table. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">Volumes are reported net of long and short positions. </td></tr></table> </div>      Electric Derivatives     Gas Derivatives        Number false false false us-types:textBlockItemType textblock A table or schedule that identifies and provides pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. No authoritative reference available. false 9 Aggregate fair value of all derivative instruments with credit risk related contingent features 3 us-gaap_DisclosureOfCreditDerivativesTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="78%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="bottom"> (Millions of Dollars)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Con Edison(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">CECONY(a)</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Aggregate fair value – net liabilities</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">443</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">180</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Collateral posted</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">240</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">92</td> <td valign="bottom" nowrap="nowrap">(b) </td></tr> <tr bgcolor="#e5e5e5"><td valign="top"> Additional collateral(c) (downgrade one level from current ratings(d))</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">53</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">35</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td style="border-bottom: #8c8272 1px solid;" valign="top"> Additional collateral(c) (downgrade to below investment grade from current ratings(d))</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">324</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">(e) </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom"> </td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom">$</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" align="right">103</td> <td style="border-bottom: #8c8272 1px solid;" valign="bottom" nowrap="nowrap">  </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(a)</td> <td valign="top" align="left">Non-derivative transactions for the purchase and sale of electricity and gas and qualifying derivative instruments, which have been designated as normal purchases or normal sales, are excluded from the table. These transactions primarily include purchases of electricity from independent system operators. In the event the Utilities and Con Edison's competitive energy businesses were no longer extended unsecured credit for such purchases, the Companies would be required to post collateral, which at September 30, 2010, would have amounted to an estimated $191 million for Con Edison, including $50 million for CECONY. For certain other such non-derivative transactions, the Companies could be required to post collateral under certain circumstances, including in the event counterparties had reasonable grounds for insecurity. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(b)</td> <td valign="top" align="left">Across the Utilities' energy derivative positions, credit limits for the same counterparties are generally integrated. At September 30, 2010, the Utilities posted combined collateral of $126 million, including an estimated $34 million attributable to O&R. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(c)</td> <td valign="top" align="left">The Companies measure the collateral requirements by taking into consideration the fair value amounts of derivative instruments that contain credit-risk-related contingent features that are in a net liabilities position plus amounts owed to counterparties for settled transactions and amounts required by counterparties for minimum financial security. The fair value amounts represent unrealized losses, net of any unrealized gains where the Companies have a legally enforceable right of setoff. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(d)</td> <td valign="top" align="left">The current ratings are Moody's, S&P and Fitch long-term credit rating of, as applicable, Con Edison (Baa1/BBB+/BBB+), CECONY (A3/A-/A-) or O&R (Baa1/A-/A-). Credit ratings assigned by rating agencies are expressions of opinions that are subject to revision or withdrawal at any time by the assigning rating agency. </td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="3%" align="left">(e)</td> <td valign="top" align="left">Derivative instruments that are net assets have been excluded from the table. At September 30, 2010, if Con Edison had been downgraded to below investment grade, it would have been required to post additional collateral for such derivative instruments of not more than $20 million. </td></tr></table> </div> (Millions of Dollars)   Con Edison(a)     CECONY(a)   Aggregate fair value – net false false false us-types:textBlockItemType textblock This element may be used to tag a single block of text that encapsulates the entire credit derivatives disclosure including data and tables. This disclosures provides pertinent information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, a credit-linked note). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44DD false 1 5 false UnKnown UnKnown UnKnown false true