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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 4,403 $ 4,060
OPERATING EXPENSES    
Depreciation and amortization 499 529
Taxes, other than income taxes 765 753
TOTAL OPERATING EXPENSES 3,519 3,261
Operating income/(loss) 1,739 799
OTHER INCOME (DEDUCTIONS)    
Investment and other income 8 5
Allowance for equity funds used during construction 6 5
Other deductions (22) (2)
TOTAL OTHER INCOME (DEDUCTIONS) 196 90
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,935 889
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 251 241
Other interest expense (income) 24 (56)
Allowance for borrowed funds used during construction (13) (3)
NET INTEREST EXPENSE 262 182
INCOME BEFORE INCOME TAX EXPENSE 1,673 707
INCOME TAX EXPENSE 243 153
NET INCOME 1,433 602
Subsidiaries    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 3,953 3,517
OPERATING EXPENSES    
Depreciation and amortization 473 446
Taxes, other than income taxes 736 721
TOTAL OPERATING EXPENSES 3,144 2,806
Operating income/(loss) 809 711
OTHER INCOME (DEDUCTIONS)    
Investment and other income 187 82
Allowance for equity funds used during construction 5 5
Other deductions (10) (6)
TOTAL OTHER INCOME (DEDUCTIONS) 182 81
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 991 792
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 216 200
Other interest expense (income) 29 3
Allowance for borrowed funds used during construction (12) (3)
NET INTEREST EXPENSE 233 200
INCOME BEFORE INCOME TAX EXPENSE 758 592
INCOME TAX EXPENSE 154 117
NET INCOME 604 475
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 2,538 2,250
Electric | Subsidiaries    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 2,356 2,084
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,430 1,250
OPERATING EXPENSES    
Operating costs 468 443
Gas | Subsidiaries    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,291 1,131
OPERATING EXPENSES    
Operating costs 365 324
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 306 302
Steam | Subsidiaries    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 306 302
Purchased power    
OPERATING EXPENSES    
Operating costs 702 487
Purchased power | Subsidiaries    
OPERATING EXPENSES    
Operating costs 631 430
Fuel    
OPERATING EXPENSES    
Operating costs 189 144
Fuel | Subsidiaries    
OPERATING EXPENSES    
Operating costs 189 144
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs 896 905
Other operations and maintenance | Subsidiaries    
OPERATING EXPENSES    
Operating costs 750 741
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 129 $ 258