Financial Information by Business Segment (Tables)

12 Months Ended

Dec. 31, 2019

The financial data for the business segments are as follows:



As of and for the Year Ended December 31, 2019 (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	$8,062	$17		$1,053	$1,758	$(28)	$539	$239	$32,988	$1,851
Gas	2,132	7		231	528	(4)	147	99	11,090	1,078
Steam	627	70		89	62	(3)	42	4	2,479	91
Consolidation adjustments	—	(94)		—	—	—	—	—	—	—
Total CECONY	$10,821		$—	$1,373	$2,348	($35)	$728	$342	$46,557	$3,020
O&R
Electric	$634		$—	$60	$98	$(7)	$27	$15	$2,130	$142
Gas	259	—		24	41	(4)	14	6	876	61
Other	—	—		—	—	—	—	—	—	—
Total O&R	$893		$—	$84	$139	$(11)	$41	$21	$3,006	$203
Clean Energy Businesses	$857		$—	$226	$202	$5	$186	$(58)	$6,528	$248
Con Edison Transmission	4	—		1	(6)	104	25	1	1,618	205
Other (b)	(1)	—		—	(7)	(12)	11	(6)	370	—
Total Con Edison	$12,574		$—	$1,684	$2,676	$51	$991	$300	$58,079	$3,676



As of and for the Year Ended December 31, 2018 (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	$7,971	$16		$984	$1,799	$(110)	$519	$233	$31,012	$1,861
Gas	2,078	7		205	478	(23)	131	87	9,710	1,050
Steam	631	75		87	77	(10)	39	8	2,386	94
Consolidation adjustments	—	(98)		—	—	—	—	—	—	—
Total CECONY	$10,680		$—	$1,276	$2,354	$(143)	$689	$328	$43,108	$3,005
O&R
Electric	$642		$—	$56	$93	$(14)	$25	$14	$2,036	$138
Gas	249	—		21	39	(5)	14	7	856	67
Other	—	—		—	—	—	—	—	—	—
Total O&R	$891		$—	$77	$132	$(19)	$39	$21	$2,892	$205
Clean Energy Businesses	$763		$—	$85	$194	$33	$63	$19	$5,821	$1,791
Con Edison Transmission	4	—		1	(7)	91	20	(1)	1,425	248
Other (b)	(1)	—		(1)	(9)	(24)	8	39	674	—
Total Con Edison	$12,337		$—	$1,438	$2,664	$(62)	$819	$406	$53,920	$5,249



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	$1,974	$(105)	$472	$511	$29,661	$1,905
Gas	1,901	6		185	495	(23)	113	152	8,387	909
Steam	595	75		85	80	(9)	38	25	2,403	90
Consolidation adjustments	—	(97)		—	—	—	—	—	—	—
Total CECONY	$10,468		$—	$1,195	$2,549	$(137)	$623	$688	$40,451	$2,904
O&R
Electric	$642		$—	$51	$115	$(14)	$24	$30	$1,949	$128
Gas	232	—		20	46	(5)	12	12	824	61
Other	—	—		—	—	—	—	—	—	—
Total O&R	$874		$—	$71	$161	$(19)	$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	$2,774	$(48)	$729	$459	$48,111	$3,606

(a)

For Con Edison, the income tax expense/(benefit) on non-operating income was $(4) million, $(5) million and $13 million in 2019, 2018 and 2017, respectively. For CECONY, the income tax expense/(benefit) on non-operating income was $(7) million, $(2) million and $(3) million in 2019, 2018 and 2017, 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 the Clean Energy Businesses, Con Edison Transmission and the parent company). See Note L to the financial statements in Item 8.

(b)

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