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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES    
Electric $ 1,934 $ 1,912
Gas 862 676
Steam 298 258
Non-utility 134 310
TOTAL OPERATING REVENUES 3,228 3,156
OPERATING EXPENSES    
Purchased power 385 691
Fuel 100 71
Gas purchased for resale 321 158
Other operations and maintenance 780 787
Depreciation and amortization 329 297
Taxes, other than income taxes 542 510
TOTAL OPERATING EXPENSES 2,457 2,514
OPERATING INCOME 771 642
OTHER INCOME (DEDUCTIONS)    
Investment income 19 0
Other income 5 4
Allowance for equity funds used during construction 2 2
Other deductions (1) (5)
TOTAL OTHER INCOME (DEDUCTIONS) 25 1
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 796 643
INTEREST EXPENSE    
Interest on long-term debt 178 163
Other interest 4 7
Allowance for borrowed funds used during construction (1) (1)
NET INTEREST EXPENSE 181 169
INCOME BEFORE INCOME TAX EXPENSE 615 474
INCOME TAX EXPENSE 227 164
NET INCOME $ 388 $ 310
Net income per common share-basic (dollars per share) $ 1.27 $ 1.05
Net income per common share-diluted (dollars per share) 1.27 1.05
DIVIDENDS DECLARED PER COMMON SHARE (dollars per share) $ 0.69 $ 0.67
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (IN MILLIONS) (shares) 305.1 293.7
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (IN MILLIONS) (shares) 306.3 294.8
CECONY    
OPERATING REVENUES    
Electric $ 1,793 $ 1,773
Gas 765 601
Steam 298 258
TOTAL OPERATING REVENUES 2,856 2,632
OPERATING EXPENSES    
Purchased power 348 352
Fuel 100 71
Gas purchased for resale 230 132
Other operations and maintenance 664 681
Depreciation and amortization 294 272
Taxes, other than income taxes 515 484
TOTAL OPERATING EXPENSES 2,151 1,992
OPERATING INCOME 705 640
OTHER INCOME (DEDUCTIONS)    
Investment income 4 1
Allowance for equity funds used during construction 2 2
Other deductions (1) (5)
TOTAL OTHER INCOME (DEDUCTIONS) 5 (2)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 710 638
INTEREST EXPENSE    
Interest on long-term debt 150 144
Other interest 4 5
Allowance for borrowed funds used during construction (1) (1)
NET INTEREST EXPENSE 153 148
INCOME BEFORE INCOME TAX EXPENSE 557 490
INCOME TAX EXPENSE 218 180
NET INCOME $ 339 $ 310