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Consolidated Income Statement (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING REVENUES    
Total operating revenues $ 3,677 $ 3,234
OPERATING EXPENSES    
Depreciation and amortization 497 470
Taxes, other than income taxes 704 638
TOTAL OPERATING EXPENSES 2,817 2,426
OPERATING INCOME 860 808
OTHER INCOME (DEDUCTIONS)    
Investment and other income (161) 26
Other income 6 2
Allowance for equity funds used during construction 5 5
Other deductions (36) (72)
TOTAL OTHER INCOME (DEDUCTIONS) (186) (39)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 674 769
INTEREST EXPENSE    
Interest on long-term debt 227 224
Other interest (47) 101
Allowance for borrowed funds used during construction (4) (3)
NET INTEREST EXPENSE 176 322
INCOME BEFORE INCOME TAX EXPENSE 498 447
INCOME TAX EXPENSE 78 55
NET INCOME 420 392
Income attributable to non-controlling interest 1 17
NET INCOME FOR COMMON STOCK $ 419 $ 375
Net income per common share - basic (dollars per share) $ 1.23 $ 1.13
Net income per common share - diluted (dollars per share) $ 1.22 $ 1.12
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 342.2 333.6
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 343.0 334.6
Electric    
OPERATING REVENUES    
Total operating revenues $ 2,113 $ 1,906
Gas    
OPERATING REVENUES    
Total operating revenues 1,076 931
OPERATING EXPENSES    
Operating costs 296 232
Steam    
OPERATING REVENUES    
Total operating revenues 264 250
Non-utility    
OPERATING REVENUES    
Total operating revenues 224 147
Power    
OPERATING EXPENSES    
Operating costs 437 308
Fuel    
OPERATING EXPENSES    
Operating costs 93 78
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs 790 700
CECONY    
OPERATING REVENUES    
Total operating revenues 3,205 2,854
OPERATING EXPENSES    
Depreciation and amortization 415 390
Taxes, other than income taxes 674 607
TOTAL OPERATING EXPENSES 2,419 2,112
OPERATING INCOME 786 742
OTHER INCOME (DEDUCTIONS)    
Investment and other income 4 2
Allowance for equity funds used during construction 5 4
Other deductions (32) (67)
TOTAL OTHER INCOME (DEDUCTIONS) (23) (61)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 763 681
INTEREST EXPENSE    
Interest on long-term debt 184 172
Other interest 4 11
Allowance for borrowed funds used during construction (4) (3)
NET INTEREST EXPENSE 184 180
INCOME BEFORE INCOME TAX EXPENSE 579 501
INCOME TAX EXPENSE 114 95
NET INCOME FOR COMMON STOCK 465 406
CECONY | Electric    
OPERATING REVENUES    
Total operating revenues 1,968 1,770
CECONY | Gas    
OPERATING REVENUES    
Total operating revenues 973 834
OPERATING EXPENSES    
Operating costs 233 195
CECONY | Steam    
OPERATING REVENUES    
Total operating revenues 264 250
CECONY | Power    
OPERATING EXPENSES    
Operating costs 396 273
CECONY | Fuel    
OPERATING EXPENSES    
Operating costs 93 78
CECONY | Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 608 $ 569