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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES    
Electric $ 1,877 $ 1,934
Gas 939 862
Steam 314 298
Non-utility 234 134
Total operating revenues 3,364 3,228
OPERATING EXPENSES    
Purchased power 353 385
Fuel 124 100
Gas purchased for resale 378 321
Other operations and maintenance 836 739
Depreciation and amortization 348 329
Taxes, other than income taxes 570 542
TOTAL OPERATING EXPENSES 2,609 2,416
OPERATING INCOME 755 812
OTHER INCOME (DEDUCTIONS)    
Investment income 20 19
Other income 6 5
Allowance for equity funds used during construction 4 2
Other deductions (45) (42)
TOTAL OTHER INCOME (DEDUCTIONS) (15) (16)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 740 796
INTEREST EXPENSE    
Interest on long-term debt 190 178
Other interest 7 4
Allowance for borrowed funds used during construction (2) (1)
NET INTEREST EXPENSE 195 181
INCOME BEFORE INCOME TAX EXPENSE 545 615
INCOME TAX EXPENSE 117 227
NET INCOME $ 428 $ 388
Net income per common share-basic (dollars per share) $ 1.38 $ 1.27
Net income per common share-diluted (dollars per share) 1.37 1.27
DIVIDENDS DECLARED PER COMMON SHARE (dollars per share) $ 0.72 $ 0.69
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (IN MILLIONS) (shares) 310.4 305.1
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (IN MILLIONS) (shares) 311.6 306.3
CECONY    
OPERATING REVENUES    
Electric $ 1,729 $ 1,793
Gas 841 765
Steam 314 298
Total operating revenues 2,884 2,856
OPERATING EXPENSES    
Purchased power 303 348
Fuel 124 100
Gas purchased for resale 273 230
Other operations and maintenance 630 628
Depreciation and amortization 310 294
Taxes, other than income taxes 539 515
TOTAL OPERATING EXPENSES 2,179 2,115
OPERATING INCOME 705 741
OTHER INCOME (DEDUCTIONS)    
Investment income 5 4
Allowance for equity funds used during construction 3 2
Other deductions (39) (37)
TOTAL OTHER INCOME (DEDUCTIONS) (31) (31)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 674 710
INTEREST EXPENSE    
Interest on long-term debt 163 150
Other interest 5 4
Allowance for borrowed funds used during construction (2) (1)
NET INTEREST EXPENSE 166 153
INCOME BEFORE INCOME TAX EXPENSE 508 557
INCOME TAX EXPENSE 119 218
NET INCOME $ 389 $ 339