Other Postretirement Benefits

3 Months Ended

Mar. 31, 2012

Note F — Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies' net periodic postretirement benefit costs for the three months ended March 31, 2012 and 2011 were as follows:


	Con Edison						CECONY
*(Millions of Dollars)*	2012			2011			2012			2011
Service cost	$	7		$	6		$	5		$	5
Interest cost on accumulated other postretirement benefit obligation		18			21			16			18
Expected return on plan assets		(21	)		(22	)		(18	)		(19	)
Amortization of net actuarial loss		25			22			22			20
Amortization of prior service cost		(5	)		(2	)		(4	)		(3	)
Amortization of transition obligation		—			1			—			1
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	24		$	26		$	21		$	22
Cost capitalized		(8	)		(9	)		(7	)		(8	)
Cost charged		7			4			4			3
Cost charged to operating expenses	$	23		$	21		$	18		$	17

Expected Contributions

Based on estimates as of March 31, 2012, Con Edison expects to make a contribution of $87 million, including $74 million for CECONY, to the other postretirement benefit plans in 2012.

CECONY [Member]

Other Postretirement Benefits

Note F Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies' net periodic postretirement benefit costs for the three months ended March 31, 2012 and 2011 were as follows:


	Con Edison						CECONY
*(Millions of Dollars)*	2012			2011			2012			2011
Service cost	$	7		$	6		$	5		$	5
Interest cost on accumulated other postretirement benefit obligation		18			21			16			18
Expected return on plan assets		(21	)		(22	)		(18	)		(19	)
Amortization of net actuarial loss		25			22			22			20
Amortization of prior service cost		(5	)		(2	)		(4	)		(3	)
Amortization of transition obligation					1						1
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	24		$	26		$	21		$	22
Cost capitalized		(8	)		(9	)		(7	)		(8	)
Cost charged		7			4			4			3
Cost charged to operating expenses	$	23		$	21		$	18		$	17

Expected Contributions

Based on estimates as of March 31, 2012, Con Edison expects to make a contribution of $87 million, including $74 million for CECONY, to the other postretirement benefit plans in 2012.

- Definition

The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated.

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