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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 3,872 $ 4,165 $ 11,219 $ 11,639
OPERATING EXPENSES        
Depreciation and amortization 512 525 1,506 1,593
Taxes, other than income taxes 801 777 2,282 2,248
TOTAL OPERATING EXPENSES 3,149 3,276 9,340 9,565
Operating income/(loss) 722 889 2,745 2,074
OTHER INCOME (DEDUCTIONS)        
Investment and other income 8 5 23 15
Allowance for equity funds used during construction 7 4 20 15
Other deductions (18) (21) (57) (57)
TOTAL OTHER INCOME 207 89 611 269
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 929 978 3,356 2,343
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 234 246 719 728
Other interest expense (income) 39 (32) 78 (119)
Allowance for borrowed funds used during construction (14) (15) (39) (23)
NET INTEREST EXPENSE 259 199 758 586
INCOME BEFORE INCOME TAX EXPENSE 670 779 2,598 1,757
INCOME TAX EXPENSE 144 160 416 330
NET INCOME 526 613 2,185 1,470
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,469 3,328 8,309 7,994
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 353 453 2,354 2,345
OPERATING EXPENSES        
Operating costs 73 185 640 833
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 49 58 425 444
Purchased power        
OPERATING EXPENSES        
Operating costs 796 731 1,993 1,851
Fuel        
OPERATING EXPENSES        
Operating costs 34 59 241 255
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 933 999 2,678 2,785
Non-utility        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 1 326 131 856
CECONY        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,590 3,549 10,287 9,972
OPERATING EXPENSES        
Depreciation and amortization 485 441 1,428 1,341
Taxes, other than income taxes 777 748 2,207 2,159
TOTAL OPERATING EXPENSES 2,911 2,811 8,537 8,243
Operating income/(loss) 679 738 1,750 1,729
OTHER INCOME (DEDUCTIONS)        
Investment and other income 191 93 566 280
Allowance for equity funds used during construction 6 4 17 13
Other deductions (13) (16) (33) (48)
TOTAL OTHER INCOME 184 81 550 245
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 863 819 2,300 1,974
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 220 201 656 600
Other interest expense (income) 32 15 75 25
Allowance for borrowed funds used during construction (13) (14) (36) (21)
NET INTEREST EXPENSE 239 202 695 604
INCOME BEFORE INCOME TAX EXPENSE 624 617 1,605 1,370
INCOME TAX EXPENSE 109 124 297 232
NET INCOME 515 493 1,308 1,138
CECONY | Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,223 3,077 7,722 7,401
CECONY | Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 318 414 2,140 2,127
OPERATING EXPENSES        
Operating costs 62 113 518 582
CECONY | Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 49 58 425 444
CECONY | Purchased power        
OPERATING EXPENSES        
Operating costs 719 643 1,802 1,639
CECONY | Fuel        
OPERATING EXPENSES        
Operating costs 34 59 241 255
CECONY | Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 834 $ 807 $ 2,341 $ 2,267