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Financial Information by Business Segment
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Financial Information by Business Segment Financial Information by Business Segment
The business segments of each of the Companies, which are its operating segments, were determined based on management’s reporting and decision-making requirements in accordance with the accounting rules for segment reporting.
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.
All revenues of these business segments are from customers located in the United States of America. Also, all assets of the business segments are located in the United States of America. The accounting policies of the segments are the same as those described in Note A.
Common services shared by the business segments are assigned directly or allocated based on various cost factors, depending on the nature of the service provided.
The financial data for the business segments are as follows:
As of and for the Year Ended December 31, 2023
(Millions of Dollars)
Operating
revenues
Inter-
segment revenues
Depreciation
and
amortization
Operating
income
Other Income (deductions)
Interest
charges
Income
Tax Expense
Total
assets
Capital
expenditures
CECONY
Electric$10,078$18$1,395$1,568$564$674$217$42,226$2,909
Gas2,829842968212222715916,3431,046
Steam56974100(73)4644(18)3,031128
Consolidation adjustments—(100)———————
Total CECONY$13,476$—$1,924$2,177$732$945$358$61,600$4,083
O&R
Electric$759$—$76$85$37$32$20$2,329$211
Gas297—3041121981,34685
Total O&R$1,056$— $106$126$49$51$28$3,675$296
Clean Energy Businesses (a)
$129$—$—$37$1$16$3$—$81
Con Edison Transmission4—1(9)6221441449
Other (b)
(2)——865(14)984642—
Total Con Edison$14,663$—$2,031$3,196$830$1,023$487$66,331$4,509
As of and for the Year Ended December 31, 2022
(Millions of Dollars)
Operating
revenues
Inter-
segment
revenues
Depreciation
and
amortization
Operating
income
Other Income (deductions)
Interest
charges
Income Tax Expense
Total
assets
Capital
expenditures
CECONY
Electric$9,751$19$1,315$1,496$259$582$134$39,153$2,522
Gas2,92483676605219814015,3611,128
Steam5937696(21)2142(19)2,931108
Consolidation adjustments—(103)———————
Total CECONY$13,268$—$1,778$2,135$332$822$255$57,445$3,758
O&R
Electric$773$—$71$94$17$29$17$2,247$167
Gas312—274261781,26476
Total O&R$1,085$—$98$136$23$46$25$3,511$243
Clean Energy Businesses (a)
$1,319$—$178$368$3$(35)$84$7,224$399
Con Edison Transmission4—1(10)195531465
Other (b)
(6)—1(5)(51)14129571—
Total Con Edison$15,670$—$2,056$2,624$326$852$498$69,065$4,465
As of and for the Year Ended December 31, 2021
(Millions of Dollars)
Operating
revenues		Inter-
segment
revenues		Depreciation
and
amortization		Operating
income		Other Income (deductions)Interest
charges
Income
Tax Expense
Total
assets 		Capital
expenditures
CECONY
Electric$8,806$18$1,286$1,802$(84)$542$146$36,260$2,189
Gas2,3788326646(16)17910913,7481,126
Steam532749312(8)41(9)2,647103
Consolidation adjustments—(100)———————
Total CECONY$11,716$—$1,705$2,460$(108)$762$246$52,655$3,418
O&R
Electric$681$—$69$100$(8)$27$14$2,123$147
Gas260—2650(4)1571,16970
Total O&R$941$—$95$150$(12)$42$21$3,292$217
Clean Energy Businesses (a)
$1,022$—$231$236$(10)$68$44$6,554$298
Con Edison Transmission4—1(16)(407)9(114)24931
Other (b)
(7)——(4)(1)24(7)366—
Total Con Edison$13,676$—$2,032$2,826$(538)$905$190$63,116$3,964
(a)The Clean Energy Businesses were classified as held for sale as of December 31, 2022. On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. As a result of this sale, the Clean Energy Businesses are no longer a principal segment. See Note W and Note X.
(b)Other includes the parent company, Con Edison’s tax equity investments, the deferred project held for sale and consolidation adjustments.