Financial Information by Business Segment

9 Months Ended

Sep. 30, 2020

Financial Information by Business Segment

Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities, the Clean Energy Businesses and Con Edison Transmission. CECONY’s principal business segments are its regulated electric, gas and steam utility activities. The financial data for the business segments for the three and nine months ended September 30, 2020 and 2019 were as follows:


	For the Three Months Ended September 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2020	2019	2020	2019	2020	2019	2020	2019
CECONY
Electric	$2,562	$2,544	$4	$4	$305	$266	$813	$803
Gas	259	275	2	2	74	58	(34)	(24)
Steam	51	58	18	18	22	22	(57)	(56)
Consolidation adjustments	—	—	(24)	(24)	—	—	—	—
Total CECONY	$2,872	$2,877	$—	$—	$401	$346	$722	$723
O&R
Electric	$208	$210	$—	$—	$17	$16	$58	$56
Gas	30	31	—	—	6	6	(9)	(10)
Total O&R	$238	$241	$—	$—	$23	$22	$49	$46
Clean Energy Businesses	$222	$247	$—	$—	$58	$53	$92	$100
Con Edison Transmission	1	1	—	—	—	—	(2)	(1)
Other (a)	—	(1)	—	—	—	—	(1)	(1)
Total Con Edison	$3,333	$3,365	$—	$—	$482	$421	$860	$867

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


	For the Nine Months Ended September 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2020	2019	2020	2019	2020	2019	2020	2019
CECONY
Electric	$6,178	$6,174	$13	$13	$904	$785	$1,413	$1,374
Gas	1,509	1,605	5	6	216	168	440	414
Steam	385	469	56	52	67	67	1	37
Consolidation adjustments	—	—	(74)	(71)	—	—	—	—
Total CECONY	$8,072	$8,248	$—	$—	$1,187	$1,020	$1,854	$1,825
O&R
Electric	$483	$493	$—	$—	$48	$46	$86	$88
Gas	164	185	—	—	19	17	28	25
Total O&R	$647	$678	$—	$—	$67	$63	$114	$113
Clean Energy Businesses	$566	$696	$—	$—	$173	$169	$188	$183
Con Edison Transmission	3	3	—	—	1	1	(6)	(5)
Other (a)	(2)	(2)	—	—	—	—	(3)	(5)
Total Con Edison	$9,286	$9,623	$—	$—	$1,428	$1,253	$2,147	$2,111

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