Pension Benefits (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Total Periodic Benefit Costs

The components of the Companies’ total periodic benefit cost for the three and nine months ended September 30, 2022 and 2021 were as follows:

	For the Three Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost – including administrative expenses	$72	$85	$67	$80
Interest cost on projected benefit obligation	126	118	119	111
Expected return on plan assets	(292)	(274)	(277)	(260)
Recognition of net actuarial loss	94	197	89	187
Recognition of prior service credit	(4)	(4)	(5)	(5)
TOTAL PERIODIC BENEFIT COST/(CREDIT)	$(4)	$122	$(7)	$113
Cost capitalized	(32)	(41)	(30)	(39)
Reconciliation to rate level	63	(54)	59	(52)
Total expense recognized	$27	$27	$22	$22

	For the Nine Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost – including administrative expenses	$215	$257	$202	$241
Interest cost on projected benefit obligation	379	353	357	332
Expected return on plan assets	(876)	(822)	(832)	(779)
Recognition of net actuarial loss	283	590	268	559
Recognition of prior service credit	(12)	(12)	(15)	(15)
TOTAL PERIODIC BENEFIT COST/(CREDIT)	($11)	$366	($20)	$338
Cost capitalized	(100)	(120)	(95)	(113)
Reconciliation to rate level	192	(165)	182	(158)
Total expense recognized	$81	$81	$67	$67

The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and nine months ended September 30, 2022 and 2021 were as follows:

	For the Three Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost - including administrative expenses	$5	$2	$4	$1
Interest cost on projected other postretirement benefit obligation	8	7	8	6
Expected return on plan assets	(18)	(17)	(14)	(14)
Recognition of net actuarial loss/(gain)	(4)	4	(3)	3
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT)	$(9)	($4)	$(5)	$(4)
Cost capitalized	(2)	(3)	(2)	(3)
Reconciliation to rate level	7	7	6	6
Total credit recognized	$(4)	$—	$(1)	$(1)

	For the Nine Months Ended September 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost - including administrative expenses	$14	$15	$11	$11
Interest cost on projected other postretirement benefit obligation	26	23	23	19
Expected return on plan assets	(54)	(51)	(43)	(41)
Recognition of net actuarial loss/(gain)	(11)	17	(7)	13
Recognition of prior service credit	(1)	(2)	—	(1)
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT)	$(26)	$2	$(16)	$1
Cost capitalized	(6)	(9)	(5)	(7)
Reconciliation to rate level	22	7	18	2
Total credit recognized	$(10)	$—	$(3)	$(4)