Leases (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Schedule of Capital Leases

The following assets under capital leases are included in the Companies’ consolidated balance sheets at December 31, 2015 and 2014:

	Con Edison		CECONY
(Millions of Dollars)	2015	2014	2015	2014
UTILITY PLANT
Common	$3	$3	$2	$1

Future Minimum Lease Commitments

The future minimum lease commitments for the above assets are as follows:

(Millions of Dollars)	Con Edison	CECONY
2016	$1	$1
2017	1	1
2018	1	1
2019	—	—
2020	—	—
All years thereafter	—	—
Total	3	3
Less: amount representing interest	1	1
Present value of net minimum lease payment	$2	$2

Future Minimum Rental Payments for Operating Leases

Operating leases: The future minimum lease commitments under the Companies’ non-cancelable operating lease agreements are as follows:

(Millions of Dollars)	Con Edison	CECONY
2016	$18	$12
2017	18	12
2018	18	12
2019	16	10
2020	15	9
All years thereafter	123	42
Total	$208	$97

Schedule of Leveraged Lease Transactions Effect on Consolidated Income Statement

The effect on Con Edison’s consolidated income statement for the twelve months ended as of December 31, 2014 and 2013 was as follows:

	For the Years Ended December 31,
(Millions of Dollars)	2014		2013
Increase/(decrease) to non-utility operating revenues		$—	$(27)
(Increase)/decrease to other interest expense	13		(131)
Income tax benefit/(expense)	(14)		63
Total increase/(decrease) in net income	$(1)		$(95)