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CONSOLIDATED BALANCE SHEET - CECONY (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and temporary cash investments $ 108 $ 992
Accounts receivable – customers, net allowance for uncollectible accounts of $336 and $317 in 2022 and 2021, respectively 2,176 1,943
Other receivables, net allowance for uncollectible accounts of $25 and $22 in 2022 and 2021, respectively 295 298
Taxes receivable 9 13
Accrued unbilled revenue 539 662
Fuel oil, gas in storage, materials and supplies, at average cost 404 437
Prepayments 796 295
Regulatory assets 289 206
Restricted cash 89 154
Revenue decoupling mechanism receivable 218 190
Fair value of derivatives assets 310 128
Other current assets 229 233
TOTAL CURRENT ASSETS 5,462 5,551
INVESTMENTS 833 853
UTILITY PLANT, AT ORIGINAL COST    
General 4,241 4,170
TOTAL 54,992 54,239
Less: Accumulated depreciation 12,419 12,177
Net 42,573 42,062
Construction work in progress 2,060 2,152
NET UTILITY PLANT 44,633 44,214
NON-UTILITY PLANT    
Non-utility property, net accumulated depreciation of $25 in 2022 and 2021 4,163 4,194
NET PLANT 49,018 48,596
OTHER NONCURRENT ASSETS    
Regulatory assets 3,680 3,639
Operating lease right-of-use asset 803 809
Pension and retiree benefits 1,902 1,654
Fair value of derivatives assets 136 77
Other deferred charges and noncurrent assets 196 205
TOTAL OTHER NONCURRENT ASSETS 8,424 8,116
TOTAL ASSETS 63,737 63,116
CURRENT LIABILITIES    
Notes payable 1,313 1,488
Accounts payable 1,308 1,497
Customer deposits 313 300
Accrued taxes 77 104
Accrued interest 280 151
Accrued wages 113 113
Fair value of derivative liabilities 134 152
Regulatory liabilities 543 185
System benefit charge 410 423
Operating lease liabilities 120 113
Other current liabilities 365 461
TOTAL CURRENT LIABILITIES 5,415 5,427
NONCURRENT LIABILITIES    
Provision for injuries and damages 179 183
Pensions and retiree benefits 761 737
Superfund and other environmental costs 934 940
Asset retirement obligations 581 577
Fair value of derivative liabilities 76 84
Deferred income taxes and unamortized investment tax credits 7,105 6,873
Operating lease liabilities 716 717
Regulatory liabilities 4,503 4,381
Other deferred credits and noncurrent liabilities 261 257
TOTAL NONCURRENT LIABILITIES 15,116 14,749
LONG-TERM DEBT 22,583 22,604
COMMITMENTS, CONTINGENCIES, AND GUARANTEES (Note B, Note G, and Note H)
EQUITY    
Common shareholders’ equity 20,378 20,037
TOTAL LIABILITIES AND EQUITY 63,737 63,116
Subsidiaries    
CURRENT ASSETS    
Cash and temporary cash investments 49 920
Accounts receivable – customers, net allowance for uncollectible accounts of $336 and $317 in 2022 and 2021, respectively 2,026 1,841
Other receivables, net allowance for uncollectible accounts of $25 and $22 in 2022 and 2021, respectively 165 121
Taxes receivable 5 5
Accrued unbilled revenue 422 549
Accounts receivable from affiliated companies 32 38
Fuel oil, gas in storage, materials and supplies, at average cost 342 369
Prepayments 679 212
Regulatory assets 269 188
Restricted cash 4 0
Revenue decoupling mechanism receivable 218 191
Fair value of derivatives assets 227 71
Other current assets 144 198
TOTAL CURRENT ASSETS 4,582 4,703
INVESTMENTS 579 608
UTILITY PLANT, AT ORIGINAL COST    
General 3,922 3,854
TOTAL 51,533 50,849
Less: Accumulated depreciation 11,453 11,223
Net 40,080 39,626
Construction work in progress 1,933 1,985
NET UTILITY PLANT 42,013 41,611
NON-UTILITY PLANT    
Non-utility property, net accumulated depreciation of $25 in 2022 and 2021 2 2
NET PLANT 42,015 41,613
OTHER NONCURRENT ASSETS    
Regulatory assets 3,351 3,316
Operating lease right-of-use asset 536 545
Pension and retiree benefits 1,932 1,677
Fair value of derivatives assets 88 56
Other deferred charges and noncurrent assets 130 137
TOTAL OTHER NONCURRENT ASSETS 6,037 5,731
TOTAL ASSETS 53,213 52,655
CURRENT LIABILITIES    
Notes payable 1,061 1,361
Accounts payable 1,116 1,285
Accounts payable to affiliated companies 17 18
Customer deposits 298 285
Accrued taxes 72 78
Accrued taxes to affiliated companies 9 10
Accrued interest 235 127
Accrued wages 103 103
Fair value of derivative liabilities 96 88
Regulatory liabilities 462 134
System benefit charge 367 372
Operating lease liabilities 92 90
Other current liabilities 310 370
TOTAL CURRENT LIABILITIES 4,238 4,321
NONCURRENT LIABILITIES    
Provision for injuries and damages 173 178
Pensions and retiree benefits 692 669
Superfund and other environmental costs 843 850
Asset retirement obligations 507 504
Fair value of derivative liabilities 63 40
Deferred income taxes and unamortized investment tax credits 6,977 6,796
Operating lease liabilities 465 462
Regulatory liabilities 4,034 3,921
Other deferred credits and noncurrent liabilities 219 220
TOTAL NONCURRENT LIABILITIES 13,973 13,640
LONG-TERM DEBT 18,384 18,382
COMMITMENTS, CONTINGENCIES, AND GUARANTEES (Note B, Note G, and Note H)
EQUITY    
Common shareholders’ equity 16,618 16,312
TOTAL LIABILITIES AND EQUITY 53,213 52,655
Electric    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 35,324 34,938
Electric | Subsidiaries    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 33,177 32,846
Gas    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 12,579 12,303
Gas | Subsidiaries    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 11,586 11,321
Steam    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 2,848 2,828
Steam | Subsidiaries    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost $ 2,848 $ 2,828