Financial Information by Business Segment

3 Months Ended

Mar. 31, 2023

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 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 months ended March 31, 2023 and 2022 were as follows:

	For the Three Months Ended March 31,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2023	2022	2023	2022	2023	2022	2023	2022
CECONY
Electric	$2,356	$2,084	$5	$4	$343	$332	$194	$170
Gas	1,291	1,131	2	2	105	90	559	451
Steam	306	302	18	19	25	24	56	90
Consolidation adjustments	—	—	(25)	(25)	—	—	—	—
Total CECONY	$3,953	$3,517	$—	$—	$473	$446	$809	$711
O&R
Electric	$182	$166	$—	$—	$18	$17	$1	$8
Gas	139	119	—	—	7	7	40	38
Total O&R	$321	$285	$—	$—	$25	$24	$41	$46
Clean Energy Businesses (a)	$129	$260	$—	$—	$—	$59	$36	$46
Con Edison Transmission	1	1	—	—	—	—	(2)	(3)
Other (b)	(1)	(3)	—	—	1	—	855	(1)
Total Con Edison	$4,403	$4,060	$—	$—	$499	$529	$1,739	$799

(a) On March 1, 2023, Con Edison completed the sale of substantially all of the assets of the Clean Energy Businesses. As a result of this sale, the Clean Energy Businesses are no longer a principal segment. See Note S and Note T.

(b) Other includes the parent company, Con Edison’s tax equity investments, the deferred project held for sale and consolidation adjustments. Other does not represent a business segment.