Financial Information by Business Segment

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022 were as follows:

	For the Three Months Ended June 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2023	2022	2023	2022	2023	2022	2023	2022
CECONY
Electric	$2,144	$2,240	$5	$5	$339	$338	$232	$220
Gas	531	582	2	2	106	93	83	100
Steam	69	84	18	18	25	24	(53)	(40)
Consolidation adjustments	—	—	(25)	(25)	—	—	—	—
Total CECONY	$2,744	$2,906	$—	$—	$470	$455	$262	$280
O&R
Electric	$159	$177	—	$—	$18	$18	13	$16
Gas	41	61	—	—	8	7	(2)	(2)
Total O&R	$200	$238	$—	$—	$26	$25	$11	$14
Clean Energy Businesses (a)	$—	$272	—	$—	—	$59	—	$97
Con Edison Transmission	1	1	—	—	—	—	(2)	(2)
Other (b)	(1)	(2)	—	—	—	—	13	(2)
Total Con Edison	$2,944	$3,415	$—	$—	$496	$539	$284	$387

(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. See Note T.

	For the Six Months Ended June 30,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2023	2022	2023	2022	2023	2022	2023	2022
CECONY
Electric	$4,500	$4,324	$9	$9	$683	$670	$424	$390
Gas	1,822	1,713	4	4	211	183	642	550
Steam	375	386	37	37	49	47	5	51
Consolidation adjustments	—	—	(50)	(50)	—	—	—	—
Total CECONY	$6,697	$6,423	$—	$—	$943	$900	$1,071	$991
O&R
Electric	$341	$342	$—	$—	$36	$35	$14	$23
Gas	180	180	—	—	15	13	38	36
Total O&R	$521	$522	$—	$—	$51	$48	$52	$59
Clean Energy Businesses (a)	$129	$532	$—	$—	$—	$119	$37	$143
Con Edison Transmission	2	2	—	—	—	—	(4)	(5)
Other (b)	(2)	(4)	—	—	—	1	866	(3)
Total Con Edison	$7,347	$7,475	$—	$—	$994	$1,068	$2,022	$1,185

(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. See Note T.