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CONSOLIDATED INCOME STATEMENT - CECONY (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 2,944 $ 3,415 $ 7,347 $ 7,475
OPERATING EXPENSES        
Depreciation and amortization 496 539 994 1,068
Taxes, other than income taxes 716 718 1,482 1,471
TOTAL OPERATING EXPENSES 2,673 3,028 6,192 6,290
Operating income/(loss) 284 387 2,022 1,185
OTHER INCOME (DEDUCTIONS)        
Investment and other income 8 5 16 10
Allowance for equity funds used during construction 6 5 13 10
Other deductions (17) (34) (39) (35)
TOTAL OTHER INCOME 207 89 404 181
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 491 476 2,426 1,366
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 234 242 485 482
Other interest expense (income) 14 (32) 39 (87)
Allowance for borrowed funds used during construction (12) (5) (25) (8)
NET INTEREST EXPENSE 236 205 499 387
INCOME BEFORE INCOME TAX EXPENSE 255 271 1,927 979
INCOME TAX EXPENSE 29 17 272 171
NET INCOME 226 255 1,658 857
Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,744 2,906 6,697 6,423
OPERATING EXPENSES        
Depreciation and amortization 470 455 943 900
Taxes, other than income taxes 694 690 1,430 1,411
TOTAL OPERATING EXPENSES 2,482 2,626 5,626 5,432
Operating income/(loss) 262 280 1,071 991
OTHER INCOME (DEDUCTIONS)        
Investment and other income 190 103 376 186
Allowance for equity funds used during construction 5 5 11 9
Other deductions (11) (26) (20) (31)
TOTAL OTHER INCOME 184 82 367 164
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 446 362 1,438 1,155
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 220 200 436 399
Other interest expense (income) 14 6 43 10
Allowance for borrowed funds used during construction (11) (4) (23) (7)
NET INTEREST EXPENSE 223 202 456 402
INCOME BEFORE INCOME TAX EXPENSE 223 160 982 753
INCOME TAX EXPENSE 34 (10) 189 108
NET INCOME 189 170 793 645
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,303 2,416 4,840 4,666
Electric | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 2,144 2,240 4,500 4,324
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 571 643 2,001 1,893
OPERATING EXPENSES        
Operating costs 99 205 567 649
Gas | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 531 582 1,822 1,713
OPERATING EXPENSES        
Operating costs 91 145 456 469
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 69 84 375 386
Steam | Subsidiaries        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 69 84 375 386
Purchased power        
OPERATING EXPENSES        
Operating costs 495 633 1,198 1,120
Purchased power | Subsidiaries        
OPERATING EXPENSES        
Operating costs 452 566 1,083 996
Fuel        
OPERATING EXPENSES        
Operating costs 18 52 207 196
Fuel | Subsidiaries        
OPERATING EXPENSES        
Operating costs 18 52 207 196
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs 849 881 1,744 1,786
Other operations and maintenance | Subsidiaries        
OPERATING EXPENSES        
Operating costs 757 718 1,507 1,460
Non-utility        
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 1 $ 272 $ 131 $ 530