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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,165 $ 3,613 $ 11,639 $ 10,261
OPERATING EXPENSES        
Depreciation and amortization 525 512 1,593 1,511
Taxes, other than income taxes 777 727 2,248 2,103
TOTAL OPERATING EXPENSES 3,276 2,763 9,565 8,132
Operating income/(loss) 889 850 2,074 2,129
OTHER INCOME (DEDUCTIONS)        
Investment income (loss) 5 5 15 (180)
Allowance for equity funds used during construction 4 5 15 15
Other deductions (21) (37) (57) (113)
TOTAL OTHER INCOME (DEDUCTIONS) 89 (22) 269 (259)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 978 828 2,343 1,870
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 246 235 728 693
Other interest expense (income) (32) (2) (119) (15)
Allowance for borrowed funds used during construction (15) (1) (23) (9)
NET INTEREST EXPENSE 199 232 586 669
INCOME BEFORE INCOME TAX EXPENSE 779 596 1,757 1,201
INCOME TAX EXPENSE 160 127 330 194
NET INCOME 613 538 1,470 1,122
Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,549 3,092 9,972 8,784
OPERATING EXPENSES        
Depreciation and amortization 441 429 1,341 1,267
Taxes, other than income taxes 748 699 2,159 2,016
TOTAL OPERATING EXPENSES 2,811 2,364 8,243 6,948
Operating income/(loss) 738 728 1,729 1,836
OTHER INCOME (DEDUCTIONS)        
Investment income (loss) 93 5 280 15
Allowance for equity funds used during construction 4 5 13 14
Other deductions (16) (33) (48) (99)
TOTAL OTHER INCOME (DEDUCTIONS) 81 (23) 245 (70)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 819 705 1,974 1,766
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 201 194 600 564
Other interest expense (income) 15 3 25 11
Allowance for borrowed funds used during construction (14) 0 (21) (8)
NET INTEREST EXPENSE 202 197 604 567
INCOME BEFORE INCOME TAX EXPENSE 617 508 1,370 1,199
INCOME TAX EXPENSE 124 90 232 188
NET INCOME 493 418 1,138 1,011
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,328 2,952 7,994 7,180
Electric | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 3,077 2,730 7,401 6,661
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 453 341 2,345 1,907
OPERATING EXPENSES        
Operating costs 185 83 833 461
Gas | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 414 307 2,127 1,730
OPERATING EXPENSES        
Operating costs 113 61 582 357
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 58 55 444 393
Steam | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 58 55 444 393
Purchased power        
OPERATING EXPENSES        
Operating costs 731 548 1,851 1,448
Purchased power | Subsidiaries        
OPERATING EXPENSES        
Operating costs 643 481 1,639 1,294
Fuel        
OPERATING EXPENSES        
Operating costs 59 44 255 166
Fuel | Subsidiaries        
OPERATING EXPENSES        
Operating costs 59 44 255 166
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 999 849 2,785 2,443
Other operations and maintenance | Subsidiaries        
OPERATING EXPENSES        
Operating costs $ 807 $ 650 $ 2,267 $ 1,848