New Assets Held For Sale

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Net Assets Held For Sale

Assets Held For Sale

During the three months ended June 30, 2015, Con Edison initiated a plan to actively market and sell the retail electric supply business of its competitive energy businesses. The company expects the sale to close within the next twelve months.

At June 30, 2015, the company classified as held for sale the assets and liabilities of this retail electric supply business and ceased recording depreciation expense on these assets. There was no impairment of the assets held for sale, as the estimated fair value less costs to sell exceeded the carrying amount.

At June 30, 2015, the carrying amounts of the assets and liabilities designated as held for sale were as follows:

(Millions of Dollars)	2015
Accounts receivable	$82
Accrued unbilled revenue	76
Other current assets	3
Derivative assets	2
Total current assets	163
Non-utility property	4
TOTAL ASSETS HELD FOR SALE	$167
Derivative liabilities - current	$57
Accounts payable	9
Total current liabilities	66
Derivative liabilities - noncurrent	25
TOTAL LIABILITIES HELD FOR SALE	$91