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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUES    
Total operating revenues $ 3,234 $ 3,514
OPERATING EXPENSES    
Depreciation and amortization 470 413
Taxes, other than income taxes 638 605
TOTAL OPERATING EXPENSES 2,426 2,728
OPERATING INCOME 808 786
OTHER INCOME (DEDUCTIONS)    
Investment and other income 26 24
Other income 2 11
Allowance for equity funds used during construction 5 3
Other deductions (72) (24)
TOTAL OTHER INCOME (DEDUCTIONS) (39) 14
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 769 800
INTEREST EXPENSE    
Interest on long-term debt 224 221
Other interest 101 29
Allowance for borrowed funds used during construction (3) (3)
NET INTEREST EXPENSE 322 247
INCOME BEFORE INCOME TAX EXPENSE 447 553
INCOME TAX EXPENSE 55 108
NET INCOME 392 445
Income attributable to non-controlling interest 17 21
NET INCOME FOR COMMON STOCK $ 375 $ 424
Net income per common share - basic (dollars per share) $ 1.13 $ 1.31
Net income per common share - diluted (dollars per share) $ 1.12 $ 1.31
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 333.6 322.5
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 334.6 323.4
Electric    
OPERATING REVENUES    
Total operating revenues $ 1,906 $ 1,941
Gas    
OPERATING REVENUES    
Total operating revenues 931 1,034
OPERATING EXPENSES    
Operating costs 232 442
Steam    
OPERATING REVENUES    
Total operating revenues 250 321
Non-utility    
OPERATING REVENUES    
Total operating revenues 147 218
Power    
OPERATING EXPENSES    
Operating costs 308 368
Fuel    
OPERATING EXPENSES    
Operating costs 78 106
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs 700 794
CECONY    
OPERATING REVENUES    
Total operating revenues 2,854 3,039
OPERATING EXPENSES    
Depreciation and amortization 390 334
Taxes, other than income taxes 607 575
TOTAL OPERATING EXPENSES 2,112 2,313
OPERATING INCOME 742 726
OTHER INCOME (DEDUCTIONS)    
Investment and other income 2 9
Allowance for equity funds used during construction 4 3
Other deductions (67) (19)
TOTAL OTHER INCOME (DEDUCTIONS) (61) (7)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 681 719
INTEREST EXPENSE    
Interest on long-term debt 172 169
Other interest 11 17
Allowance for borrowed funds used during construction (3) (3)
NET INTEREST EXPENSE 180 183
INCOME BEFORE INCOME TAX EXPENSE 501 536
INCOME TAX EXPENSE 95 124
NET INCOME FOR COMMON STOCK 406 412
CECONY | Electric    
OPERATING REVENUES    
Total operating revenues 1,770 1,797
CECONY | Gas    
OPERATING REVENUES    
Total operating revenues 834 921
OPERATING EXPENSES    
Operating costs 195 317
CECONY | Steam    
OPERATING REVENUES    
Total operating revenues 250 321
CECONY | Power    
OPERATING EXPENSES    
Operating costs 273 322
CECONY | Fuel    
OPERATING EXPENSES    
Operating costs 78 106
CECONY | Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 569 $ 659