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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUES        
Total operating revenues $ 3,415 $ 2,971 $ 7,475 $ 6,648
OPERATING EXPENSES        
Depreciation and amortization 539 502 1,068 1,000
Taxes, other than income taxes 718 672 1,471 1,375
TOTAL OPERATING EXPENSES 3,028 2,553 6,290 5,369
Operating income/(loss) 387 418 1,185 1,279
OTHER INCOME (DEDUCTIONS)        
Investment income (loss) 5 (24) 10 (185)
Allowance for equity funds used during construction 5 5 10 10
Other deductions (34) (38) (35) (76)
TOTAL OTHER INCOME (DEDUCTIONS) 89 (50) 181 (237)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 476 368 1,366 1,042
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 242 230 482 458
Other interest expense (income) (32) 35 (87) (14)
Allowance for borrowed funds used during construction (5) (4) (8) (8)
NET INTEREST EXPENSE 205 261 387 436
INCOME BEFORE INCOME TAX EXPENSE 271 107 979 606
INCOME TAX EXPENSE (BENEFIT) 17 (11) 171 68
NET INCOME 255 165 857 584
Subsidiaries        
OPERATING REVENUES        
Total operating revenues 2,906 2,486 6,423 5,692
OPERATING EXPENSES        
Depreciation and amortization 455 423 900 838
Taxes, other than income taxes 690 643 1,411 1,317
TOTAL OPERATING EXPENSES 2,626 2,165 5,432 4,584
Operating income/(loss) 280 321 991 1,108
OTHER INCOME (DEDUCTIONS)        
Investment income (loss) 103 5 186 11
Allowance for equity funds used during construction 5 5 9 9
Other deductions (26) (33) (31) (66)
TOTAL OTHER INCOME (DEDUCTIONS) 82 (23) 164 (46)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 362 298 1,155 1,062
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 200 186 399 370
Other interest expense (income) 6 4 10 8
Allowance for borrowed funds used during construction (4) (4) (7) (7)
NET INTEREST EXPENSE 202 186 402 371
INCOME BEFORE INCOME TAX EXPENSE 160 112 753 691
INCOME TAX EXPENSE (BENEFIT) (10) (16) 108 98
NET INCOME 170 128 645 593
Electric        
OPERATING REVENUES        
Total operating revenues 2,416 2,115 4,666 4,228
Electric | Subsidiaries        
OPERATING REVENUES        
Total operating revenues 2,240 1,963 4,324 3,931
Gas        
OPERATING REVENUES        
Total operating revenues 643 490 1,893 1,566
OPERATING EXPENSES        
Operating costs 205 83 649 379
Gas | Subsidiaries        
OPERATING REVENUES        
Total operating revenues 582 449 1,713 1,423
OPERATING EXPENSES        
Operating costs 145 63 469 296
Steam        
OPERATING REVENUES        
Total operating revenues 84 74 386 338
Steam | Subsidiaries        
OPERATING REVENUES        
Total operating revenues 84 74 386 338
Non-utility        
OPERATING REVENUES        
Total operating revenues 272 292 530 516
Purchased power        
OPERATING EXPENSES        
Operating costs 633 463 1,120 900
Purchased power | Subsidiaries        
OPERATING EXPENSES        
Operating costs 566 417 996 813
Fuel        
OPERATING EXPENSES        
Operating costs 52 29 196 122
Fuel | Subsidiaries        
OPERATING EXPENSES        
Operating costs 52 29 196 122
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 881 804 1,786 1,593
Other operations and maintenance | Subsidiaries        
OPERATING EXPENSES        
Operating costs $ 718 $ 590 $ 1,460 $ 1,198