Financial Information by Business Segment (Tables)

12 Months Ended

Dec. 31, 2017

The financial data for the business segments are as follows:



As of and for the Year Ended December 31, 2017 (Millions of Dollars)	Operating revenues	Inter- segment revenues		Depreciation and amortization	Operating income	Other Income (deductions)	Interest charges	Income taxes on operating income (a)	Total assets	Capital expenditures
CECONY
Electric	$7,972	$16		$925	$1,862	$7	$472	$511	$29,661	$1,905
Gas	1,901	6		185	472	—	113	152	8,387	909
Steam	595	75		85	71	—	38	25	2,403	90
Consolidation adjustments	—	(97)		—	—	—	—	—	—	—
Total CECONY	$10,468		$—	$1,195	$2,405	$7	$623	$688	$40,451	$2,904
O&R
Electric	$642		$—	$51	$100	$1	$24	$30	$1,949	$128
Gas	232	—		20	41	—	12	12	824	61
Other	—	—		—	—	—	—	—	—	—
Total O&R	$874		$—	$71	$141	$1	$36	$42	$2,773	$189
Clean Energy Businesses	$694		$—	$74	$69	$33	$43	$(273)	$2,735	$447
Con Edison Transmission	2	—		1	(8)	80	16	(11)	1,222	66
Other (b)	(5)	—		—	3	(5)	11	13	930	—
Total Con Edison	$12,033		$—	$1,341	$2,610	$116	$729	$459	$48,111	$3,606



As of and for the Year Ended December 31, 2016 (Millions of Dollars)	Operating revenues	Inter- segment revenues		Depreciation and amortization	Operating income	Other Income (deductions)		Interest charges	Income taxes on operating income (a)	Total assets	Capital expenditures
CECONY
Electric	$8,106	$17		$865	$1,847	$2		$459	$495	$30,708	$1,819
Gas	1,508	6		159	357	(1)		105	92	7,553	811
Steam	551	88		82	58	(1)		39	30	2,595	126
Consolidation adjustments	—	(111)		—	—	—		—	—	—	—
Total CECONY	$10,165		$—	$1,106	$2,262		$—	$603	$617	$40,856	$2,756
O&R
Electric	$637		$—	$49	$95	$1		$24	$30	$1,949	$114
Gas	184	—		18	35	—		12	10	809	52
Other	—	—		—	—	—		—	—	—	—
Total O&R	$821		$—	$67	$130	$1		$36	$40	$2,758	$166
Clean Energy Businesses	$1,091	$7		$42	$183	$21		$34	$53	$2,551	$1,235
Con Edison Transmission	—	—		—	(3)	43		6	—	1,150	1,078
Other (b)	(2)	(7)		1	3	(1)		17	4	940	—
Total Con Edison	$12,075		$—	$1,216	$2,575	$64		$696	$714	$48,255	$5,235



As of and for the Year Ended December 31, 2015 (Millions of Dollars)	Operating revenues	Inter- segment revenues		Depreciation and amortization	Operating income	Other Income (deductions)	Interest charges	Income taxes on operating income (a)	Total assets	Capital expenditures
CECONY
Electric	$8,172	$18		$820	$1,798	$(2)	$447	$447	$30,603	$1,658
Gas	1,527	6		142	356	(2)	96	100	6,974	671
Steam	629	86		78	93	(1)	41	41	2,653	106
Consolidation adjustments	—	(110)		—	—	—	—	—	—	—
Total CECONY	$10,328		$—	$1,040	$2,247	$(5)	$584	$588	$40,230	$2,435
O&R
Electric	$663		$—	$50	$103	$(2)	$23	$31	$2,140	$114
Gas	182	—		18	18	(2)	12	2	579	46
Other	—	—		—	—	—	—	—	—	—
Total O&R	$845		$—	$68	$121	$(4)	$35	$33	$2,719	$160
Clean Energy Businesses	$1,383	$(2)		$22	$58	$35	$11	$22	$1,680	$823
Con Edison Transmission	—	—		—	—	—	—	—	3	—
Other (b)	(2)	2		—	1	(2)	23	1	1,010	—
Total Con Edison	$12,554		$—	$1,130	$2,427	$24	$653	$644	$45,642	$3,418

(a)

For Con Edison, the income tax expense/(benefit) on non-operating income was $13 million, $(16) million and $(40) million in 2017, 2016 and 2015, respectively. For CECONY, the income tax expense/(benefit) on non-operating income was $(3) million, $(14) million and $(14) million in 2017, 2016 and 2015, respectively. At December 31, 2017, Con Edison re-measured its deferred tax assets and liabilities based upon the 21 percent corporate income tax rate under the TCJA. As a result, Con Edison, decreased its federal income tax expense by $259 million ($269 million, $11 million and $(21) million, respectively, for Clean Energy Businesses, Con Edison Transmission and the parent company). See “Other Regulatory Matters” in Note B and Note L to the financial statements in Item 8.


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