Pension Benefits (Tables)

9 Months Ended

Sep. 30, 2016

Pension Benefits

Total Periodic Benefit Costs

The components of the Companies’ total periodic benefit costs for the three and nine months ended September 30, 2016 and 2015 were as follows:

	For the Three Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2016	2015	2016	2015
Service cost – including administrative expenses	$69	$74	$65	$70
Interest cost on projected benefit obligation	149	144	140	135
Expected return on plan assets	(237)	(222)	(225)	(210)
Recognition of net actuarial loss	149	194	141	183
Recognition of prior service costs	1	1	—	—
NET PERIODIC BENEFIT COST	$131	$191	$121	$178
Amortization of regulatory asset	—	1	—	1
TOTAL PERIODIC BENEFIT COST	$131	$192	$121	$179
Cost capitalized	(51)	(80)	(49)	(76)
Reconciliation to rate level	10	(14)	13	(14)
Cost charged to operating expenses	$90	$98	$85	$89

	For the Nine Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2016	2015	2016	2015
Service cost – including administrative expenses	$207	$223	$194	$209
Interest cost on projected benefit obligation	447	431	419	404
Expected return on plan assets	(711)	(664)	(674)	(630)
Recognition of net actuarial loss	447	581	424	550
Recognition of prior service costs	3	3	1	1
NET PERIODIC BENEFIT COST	$393	$574	$364	$534
Amortization of regulatory asset	—	2	—	2
TOTAL PERIODIC BENEFIT COST	$393	$576	$364	$536
Cost capitalized	(157)	(224)	(148)	(214)
Reconciliation to rate level	35	(56)	39	(56)
Cost charged to operating expenses	$271	$296	$255	$266