Financial Information by Business Segment

6 Months Ended

Jun. 30, 2016

Segment Reporting Information [Line Items]

Financial Information by Business Segment

Financial Information by Business Segment

In 2016, Con Edison Transmission began investing, through CET Electric and CET Gas, in electric transmission and gas pipeline and storage assets (see Note Q). As a result of these investments, Con Edison has changed its business segments to add Con Edison Transmission as a separate reportable segment based on management’s reporting and decision-making, including performance evaluation and resource allocation. For comparison purposes, the previously reported financial information by business segments was reclassified to reflect the current business segment presentation.

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues		Inter-segment revenues				Depreciation and amortization		Operating income		Other income (deductions)				Interest charges		Income taxes on operating income		Total assets		Construction expenditures
(Millions of Dollars)	2016	2015	2016		2015		2016	2015	2016	2015	2016		2015		2016	2015	2016	2015	2016	2015	2016	2015
CECONY
Electric	$1,892	$1,879	$4		$5		$215	$201	$371	$422	$2		$(1)		$113	$113	$88	$99	$30,632	$30,474	$338	$409
Gas	304	308	1		1		39	35	48	54	—		(1)		26	23	9	12	7,131	6,598	205	161
Steam	85	96	21		21		21	18	(27)	(16)	—		—		10	10	(10)	(6)	2,590	2,629	28	21
Consolidation adjustments	—	—	(26)		(27)		—	—	—	—	—		—		—	—	—	—	—	—	—	—
Total CECONY	$2,281	$2,283		$—		$—	$275	$254	$392	$460	$2		$(2)		$149	$146	$87	$105	$40,353	$39,701	$571	$591
O&R
Electric	$144	$162		$—		$—	$13	$13	$14	$16		$—		$—	$6	$5	$3	$4	$1,928	$1,944	$25	$25
Gas	31	16	—		—		4	4	(1)	(18)	—		—		3	4	(1)	(8)	761	739	12	11
Total O&R	$175	$178		$—		$—	$17	$17	$13	$(2)		$—		$—	$9	$9	$2	$(4)	$2,689	$2,683	$37	$36
Competitive energy businesses	$338	$328	$3		$(1)		$10	$6	$109	$13	$7		$12		$8	$2	$36	$7	$2,494	$1,549	$128	$364
Con Edison Transmission	—	—	—		—		—	—	(1)	—	3		—		1	—	—	—	1,043	2	—	—
Other (a)	—	(1)	(3)		1		—	(1)	2	1	(1)		—		3	5	3	—	691	816	—	—
Total Con Edison	$2,794	$2,788		$—		$—	$302	$276	$515	$472	$11		$10		$170	$162	$128	$108	$47,270	$44,751	$736	$991

(a) Parent company and consolidation adjustments. Other does not represent a business segment.

	For the Six Months Ended June 30,
	Operating revenues		Inter-segment revenues				Depreciation and amortization		Operating income		Other income (deductions)			Interest charges		Income taxes on operating income		Total assets		Construction expenditures
(Millions of Dollars)	2016	2015	2016		2015		2016	2015	2016	2015	2016		2015	2016	2015	2016	2015	2016	2015	2016	2015
CECONY
Electric	$3,665	$3,858	$9		$9		$428	$403	$645	$700	$1		$(1)	$225	$223	$137	$142	$30,632	$30,474	$720	$744
Gas	905	963	3		3		78	70	301	294	(1)		—	52	46	97	98	7,131	6,598	365	289
Steam	343	471	44		43		41	38	87	149	—		—	20	21	35	60	2,590	2,629	51	38
Consolidation adjustments	—	—	(56)		(55)		—	—	—	—	—		—	—	—	—	—	—	—	—	—
Total CECONY	$4,913	$5,292		$—		$—	$547	$511	$1,033	$1,143		$—	$(1)	$297	$290	$269	$300	$40,353	$39,701	$1,136	$1,071
O&R
Electric	$284	$318		$—		$—	$24	$25	$32	$34		$—	$1	$12	$11	$7	$9	$1,928	$1,944	$47	$45
Gas	106	93	—		—		9	9	34	9	—		—	6	6	12	1	761	739	21	17
Total O&R	$390	$411		$—		$—	$33	$34	$66	$43		$—	$1	$18	$17	$19	$10	$2,689	$2,683	$68	$62
Competitive energy businesses	$648	$702	$9		$(4)		$19	$11	$58	$10	$9		$15	$16	$3	$9	$4	$2,494	$1,549	$556	$464
Con Edison Transmission	—	—	—		—		—	—	(1)	—	3		—	1	—	—	—	1,043	2	—	—
Other (a)	(1)	(1)	(9)		4		—	(1)	1	2	—		(1)	7	13	2	—	691	816	—	—
Total Con Edison	$5,950	$6,404		$—		$—	$599	$555	$1,157	$1,198	$12		$14	$339	$323	$299	$314	$47,270	$44,751	$1,760	$1,597

(a) Parent company and consolidation adjustments. Other does not represent a business segment.

CECONY

Segment Reporting Information [Line Items]

Financial Information by Business Segment

Financial Information by Business Segment

In 2016, Con Edison Transmission began investing, through CET Electric and CET Gas, in electric transmission and gas pipeline and storage assets (see Note Q). As a result of these investments, Con Edison has changed its business segments to add Con Edison Transmission as a separate reportable segment based on management’s reporting and decision-making, including performance evaluation and resource allocation. For comparison purposes, the previously reported financial information by business segments was reclassified to reflect the current business segment presentation.

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues		Inter-segment revenues				Depreciation and amortization		Operating income		Other income (deductions)				Interest charges		Income taxes on operating income		Total assets		Construction expenditures
(Millions of Dollars)	2016	2015	2016		2015		2016	2015	2016	2015	2016		2015		2016	2015	2016	2015	2016	2015	2016	2015
CECONY
Electric	$1,892	$1,879	$4		$5		$215	$201	$371	$422	$2		$(1)		$113	$113	$88	$99	$30,632	$30,474	$338	$409
Gas	304	308	1		1		39	35	48	54	—		(1)		26	23	9	12	7,131	6,598	205	161
Steam	85	96	21		21		21	18	(27)	(16)	—		—		10	10	(10)	(6)	2,590	2,629	28	21
Consolidation adjustments	—	—	(26)		(27)		—	—	—	—	—		—		—	—	—	—	—	—	—	—
Total CECONY	$2,281	$2,283		$—		$—	$275	$254	$392	$460	$2		$(2)		$149	$146	$87	$105	$40,353	$39,701	$571	$591
O&R
Electric	$144	$162		$—		$—	$13	$13	$14	$16		$—		$—	$6	$5	$3	$4	$1,928	$1,944	$25	$25
Gas	31	16	—		—		4	4	(1)	(18)	—		—		3	4	(1)	(8)	761	739	12	11
Total O&R	$175	$178		$—		$—	$17	$17	$13	$(2)		$—		$—	$9	$9	$2	$(4)	$2,689	$2,683	$37	$36
Competitive energy businesses	$338	$328	$3		$(1)		$10	$6	$109	$13	$7		$12		$8	$2	$36	$7	$2,494	$1,549	$128	$364
Con Edison Transmission	—	—	—		—		—	—	(1)	—	3		—		1	—	—	—	1,043	2	—	—
Other (a)	—	(1)	(3)		1		—	(1)	2	1	(1)		—		3	5	3	—	691	816	—	—
Total Con Edison	$2,794	$2,788		$—		$—	$302	$276	$515	$472	$11		$10		$170	$162	$128	$108	$47,270	$44,751	$736	$991

(a) Parent company and consolidation adjustments. Other does not represent a business segment.

	For the Six Months Ended June 30,
	Operating revenues		Inter-segment revenues				Depreciation and amortization		Operating income		Other income (deductions)			Interest charges		Income taxes on operating income		Total assets		Construction expenditures
(Millions of Dollars)	2016	2015	2016		2015		2016	2015	2016	2015	2016		2015	2016	2015	2016	2015	2016	2015	2016	2015
CECONY
Electric	$3,665	$3,858	$9		$9		$428	$403	$645	$700	$1		$(1)	$225	$223	$137	$142	$30,632	$30,474	$720	$744
Gas	905	963	3		3		78	70	301	294	(1)		—	52	46	97	98	7,131	6,598	365	289
Steam	343	471	44		43		41	38	87	149	—		—	20	21	35	60	2,590	2,629	51	38
Consolidation adjustments	—	—	(56)		(55)		—	—	—	—	—		—	—	—	—	—	—	—	—	—
Total CECONY	$4,913	$5,292		$—		$—	$547	$511	$1,033	$1,143		$—	$(1)	$297	$290	$269	$300	$40,353	$39,701	$1,136	$1,071
O&R
Electric	$284	$318		$—		$—	$24	$25	$32	$34		$—	$1	$12	$11	$7	$9	$1,928	$1,944	$47	$45
Gas	106	93	—		—		9	9	34	9	—		—	6	6	12	1	761	739	21	17
Total O&R	$390	$411		$—		$—	$33	$34	$66	$43		$—	$1	$18	$17	$19	$10	$2,689	$2,683	$68	$62
Competitive energy businesses	$648	$702	$9		$(4)		$19	$11	$58	$10	$9		$15	$16	$3	$9	$4	$2,494	$1,549	$556	$464
Con Edison Transmission	—	—	—		—		—	—	(1)	—	3		—	1	—	—	—	1,043	2	—	—
Other (a)	(1)	(1)	(9)		4		—	(1)	1	2	—		(1)	7	13	2	—	691	816	—	—
Total Con Edison	$5,950	$6,404		$—		$—	$599	$555	$1,157	$1,198	$12		$14	$339	$323	$299	$314	$47,270	$44,751	$1,760	$1,597

(a) Parent company and consolidation adjustments. Other does not represent a business segment.