Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2020

Regulated Operations [Abstract]

Schedule of Regulatory Assets

Regulatory assets and liabilities at September 30, 2020 and December 31, 2019 were comprised of the following items:

	Con Edison		CECONY
(Millions of Dollars)	2020	2019	2020	2019
Regulatory assets
Unrecognized pension and other postretirement costs	$1,901	$2,541	$1,785	$2,403
Environmental remediation costs	723	732	645	647
Revenue taxes	345	321	331	308
Pension and other postretirement benefits deferrals	274	71	237	47
Property tax reconciliation	238	219	235	210
MTA power reliability deferral	200	248	200	248
Deferred storm costs	158	77	60	—
Deferred derivative losses	156	83	145	76
COVID-19 pandemic deferrals	102	—	101	—
System peak reduction and energy efficiency programs	95	131	94	130
Municipal infrastructure support costs	67	75	67	75
Brooklyn Queens demand management program	36	39	36	39
Meadowlands heater odorization project	33	35	33	35
Gate station upgrade project	26	19	26	19
Recoverable REV demonstration project costs	24	21	22	19
Unamortized loss on reacquired debt	22	28	21	26
Preferred stock redemption	21	22	21	22
Non-wire alternative projects	15	14	15	14
Workers’ compensation	—	3	—	3
Other	219	180	204	166
Regulatory assets – noncurrent	4,655	4,859	4,278	4,487
Deferred derivative losses	116	128	104	113
Recoverable energy costs	50	—	40	—
Regulatory assets – current	166	128	144	113
Total Regulatory Assets	$4,821	$4,987	$4,422	$4,600
Regulatory liabilities
Future income tax	$2,270	$2,426	$2,123	$2,275
Allowance for cost of removal less salvage	1,038	989	885	843
TCJA net benefits*	337	471	327	454
Net proceeds from sale of property	152	173	152	173
Net unbilled revenue deferrals	148	199	148	199
Pension and other postretirement benefit deferrals	79	75	43	46
Energy efficiency portfolio standard unencumbered funds	65	122	62	118
System benefit charge carrying charge	60	48	54	44
Property tax refunds	35	45	34	45
Unrecognized other postretirement costs	33	9	—	—
BQDM and REV Demo reconciliations	26	27	24	26
Settlement of gas proceedings	22	10	22	10
Sales and use tax refunds	17	8	17	8
Earnings sharing - electric, gas and steam	16	22	10	15
Settlement of prudence proceeding	6	8	6	8
Other	265	195	227	163
Regulatory liabilities – noncurrent	4,569	4,827	4,134	4,427
Deferred derivative gains	57	34	54	34
Refundable energy costs	33	44	8	12
Revenue decoupling mechanism	—	24	—	17
Regulatory liabilities – current	90	102	62	63
Total Regulatory Liabilities	$4,659	$4,929	$4,196	$4,490

* See "Other Regulatory Matters," above.

Schedule of Regulatory Liabilities

Regulatory assets and liabilities at September 30, 2020 and December 31, 2019 were comprised of the following items:

	Con Edison		CECONY
(Millions of Dollars)	2020	2019	2020	2019
Regulatory assets
Unrecognized pension and other postretirement costs	$1,901	$2,541	$1,785	$2,403
Environmental remediation costs	723	732	645	647
Revenue taxes	345	321	331	308
Pension and other postretirement benefits deferrals	274	71	237	47
Property tax reconciliation	238	219	235	210
MTA power reliability deferral	200	248	200	248
Deferred storm costs	158	77	60	—
Deferred derivative losses	156	83	145	76
COVID-19 pandemic deferrals	102	—	101	—
System peak reduction and energy efficiency programs	95	131	94	130
Municipal infrastructure support costs	67	75	67	75
Brooklyn Queens demand management program	36	39	36	39
Meadowlands heater odorization project	33	35	33	35
Gate station upgrade project	26	19	26	19
Recoverable REV demonstration project costs	24	21	22	19
Unamortized loss on reacquired debt	22	28	21	26
Preferred stock redemption	21	22	21	22
Non-wire alternative projects	15	14	15	14
Workers’ compensation	—	3	—	3
Other	219	180	204	166
Regulatory assets – noncurrent	4,655	4,859	4,278	4,487
Deferred derivative losses	116	128	104	113
Recoverable energy costs	50	—	40	—
Regulatory assets – current	166	128	144	113
Total Regulatory Assets	$4,821	$4,987	$4,422	$4,600
Regulatory liabilities
Future income tax	$2,270	$2,426	$2,123	$2,275
Allowance for cost of removal less salvage	1,038	989	885	843
TCJA net benefits*	337	471	327	454
Net proceeds from sale of property	152	173	152	173
Net unbilled revenue deferrals	148	199	148	199
Pension and other postretirement benefit deferrals	79	75	43	46
Energy efficiency portfolio standard unencumbered funds	65	122	62	118
System benefit charge carrying charge	60	48	54	44
Property tax refunds	35	45	34	45
Unrecognized other postretirement costs	33	9	—	—
BQDM and REV Demo reconciliations	26	27	24	26
Settlement of gas proceedings	22	10	22	10
Sales and use tax refunds	17	8	17	8
Earnings sharing - electric, gas and steam	16	22	10	15
Settlement of prudence proceeding	6	8	6	8
Other	265	195	227	163
Regulatory liabilities – noncurrent	4,569	4,827	4,134	4,427
Deferred derivative gains	57	34	54	34
Refundable energy costs	33	44	8	12
Revenue decoupling mechanism	—	24	—	17
Regulatory liabilities – current	90	102	62	63
Total Regulatory Liabilities	$4,659	$4,929	$4,196	$4,490

* See "Other Regulatory Matters," above.