Financial Information by Business Segment

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Financial Information by Business Segment

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, 2021 and 2020 were as follows:

	For the Three Months Ended September 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2021	2020	2021	2020	2021	2020	2021	2020
CECONY
Electric	$2,730	$2,562	$5	$4	$324	$305	$834	$813
Gas	307	259	2	2	82	74	(48)	(34)
Steam	55	51	18	18	23	22	(58)	(57)
Consolidation adjustments	—	—	(25)	(24)	—	—	—	—
Total CECONY	$3,092	$2,872	$—	$—	$429	$401	$728	$722
O&R
Electric	$223	$208	$—	$—	$18	$17	$55	$58
Gas	34	30	—	—	6	6	(8)	(9)
Total O&R	$257	$238	$—	$—	$24	$23	$47	$49
Clean Energy Businesses	$264	$222	$—	$—	$58	$58	$79	$92
Con Edison Transmission	1	1	—	—	—	—	(2)	(2)
Other (a)	(1)	—	—	—	1	—	(2)	(1)
Total Con Edison	$3,613	$3,333	$—	$—	$512	$482	$850	$860

(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)	2021	2020	2021	2020	2021	2020	2021	2020
CECONY
Electric	$6,661	$6,178	$14	$13	$959	$904	$1,337	$1,413
Gas	1,730	1,509	6	5	239	216	490	440
Steam	393	385	55	56	69	67	9	1
Consolidation adjustments	—	—	(75)	(74)	—	—	—	—
Total CECONY	$8,784	$8,072	$—	$—	$1,267	$1,187	$1,836	$1,854
O&R
Electric	$522	$483	$—	$—	$52	$48	$78	$86
Gas	177	164	—	—	19	19	30	28
Total O&R	$699	$647	$—	$—	$71	$67	$108	$114
Clean Energy Businesses	$779	$566	$—	$—	$172	$173	$196	$188
Con Edison Transmission	3	3	—	—	1	1	(7)	(6)
Other (a)	(4)	(2)	—	—	—	—	(4)	(3)
Total Con Edison	$10,261	$9,286	$—	$—	$1,511	$1,428	$2,129	$2,147

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