Pension Benefits (Tables)

6 Months Ended

Jun. 30, 2017

Pension Benefits

Total Periodic Benefit Costs

The components of the Companies’ total periodic benefit costs for the three and six months ended June 30, 2017 and 2016 were as follows:

	For the Three Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2017	2016	2017	2016
Service cost – including administrative expenses	$66	$69	$61	$65
Interest cost on projected benefit obligation	148	149	139	140
Expected return on plan assets	(243)	(237)	(229)	(225)
Recognition of net actuarial loss	149	149	141	141
Recognition of prior service costs	(4)	1	(5)	—
TOTAL PERIODIC BENEFIT COST	$116	$131	$107	$121
Cost capitalized	(51)	(53)	(48)	(50)
Reconciliation to rate level	(3)	13	(5)	14
Cost charged to operating expenses	$62	$91	$54	$85

	For the Six Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2017	2016	2017	2016
Service cost – including administrative expenses	$132	$138	$123	$129
Interest cost on projected benefit obligation	296	298	277	280
Expected return on plan assets	(484)	(474)	(459)	(449)
Recognition of net actuarial loss	297	298	282	282
Recognition of prior service costs	(9)	2	(10)	1
NET PERIODIC BENEFIT COST	$232	$262	$213	$243
Cost capitalized	(94)	(106)	(88)	(99)
Reconciliation to rate level	(14)	26	(16)	26
Cost charged to operating expenses	$124	$182	$109	$170