Financial Information by Business Segment

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023 were as follows:

	For the Three Months Ended March 31,
	Operating revenues		Inter-segment revenues		Depreciation and amortization		Operating income/(loss)
(Millions of Dollars)	2024	2023	2024	2023	2024	2023	2024	2023
CECONY
Electric	$2,441	$2,356	$4	$5	$370	$343	$240	$194
Gas	1,243	1,291	2	2	114	105	615	559
Steam	287	306	19	18	26	25	134	56
Consolidation adjustments	—	—	(25)	(25)	—	—	—	—
Total CECONY	$3,971	$3,953	$—	$—	$510	$473	$989	$809
O&R
Electric	$195	$182	$—	$—	$20	$18	$14	$1
Gas	113	139	—	—	9	7	42	40
Total O&R	$308	$321	$—	$—	$29	$25	$56	$41
Clean Energy Businesses (a)	—	129	—	—	—	—	—	36
Con Edison Transmission	1	1	—	—	—	—	(3)	(2)
Other (b)	—	(1)	—	—	—	1	(31)	855
Total Con Edison	$4,280	$4,403	$—	$—	$539	$499	$1,011	$1,739

(a) 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 Q and Note R.

(b) Other includes the parent company, Con Edison’s tax equity investments, the deferred project held for sale and consolidation adjustments.