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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES    
Electric $ 1,912 $ 2,135
Gas 676 732
Steam 258 375
Non-utility 310 374
TOTAL OPERATING REVENUES 3,156 3,616
OPERATING EXPENSES    
Purchased power 691 884
Fuel 71 154
Gas purchased for resale 158 262
Other operations and maintenance 787 814
Depreciation and amortization 297 279
Taxes, other than income taxes 510 497
TOTAL OPERATING EXPENSES 2,514 2,890
OPERATING INCOME 642 726
OTHER INCOME (DEDUCTIONS)    
Investment and other income 4 5
Allowance for equity funds used during construction 2 1
Other deductions (5) (2)
TOTAL OTHER INCOME 1 4
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 643 730
INTEREST EXPENSE    
Interest on long-term debt 163 156
Other interest 7 6
Allowance for borrowed funds used during construction (1) (1)
NET INTEREST EXPENSE 169 161
INCOME BEFORE INCOME TAX EXPENSE 474 569
INCOME TAX EXPENSE 164 199
NET INCOME $ 310 $ 370
Net income per common share-basic (dollars per share) $ 1.05 $ 1.26
Net income per common share-diluted (dollars per share) 1.05 1.26
DIVIDENDS DECLARED PER COMMON SHARE (dollars per share) $ 0.67 $ 0.65
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (IN MILLIONS) (shares) 293.7 292.9
AVERAGE NUMBER OF SHARES OUTSTANDING-DILUTED (IN MILLIONS) (shares) 294.8 293.9
CECONY    
OPERATING REVENUES    
Electric $ 1,773 $ 1,980
Gas 601 655
Steam 258 375
TOTAL OPERATING REVENUES 2,632 3,010
OPERATING EXPENSES    
Purchased power 352 539
Fuel 71 154
Gas purchased for resale 132 198
Other operations and maintenance 681 703
Depreciation and amortization 272 257
Taxes, other than income taxes 484 475
TOTAL OPERATING EXPENSES 1,992 2,326
OPERATING INCOME 640 684
OTHER INCOME (DEDUCTIONS)    
Investment and other income 1 2
Allowance for equity funds used during construction 2 1
Other deductions (5) (2)
TOTAL OTHER INCOME (2) 1
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 638 685
INTEREST EXPENSE    
Interest on long-term debt 144 141
Other interest 5 4
Allowance for borrowed funds used during construction (1) 0
NET INTEREST EXPENSE 148 145
INCOME BEFORE INCOME TAX EXPENSE 490 540
INCOME TAX EXPENSE 180 192
NET INCOME $ 310 $ 348