Other Postretirement Benefits

9 Months Ended

Sep. 30, 2011

Other Postretirement Benefits

Note E — Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies' net periodic postretirement benefit costs for the three and nine months ended September 30, 2011 and 2010 were as follows:

	For the Three Months Ended September 30,
	Con Edison						CECONY
(Millions of Dollars)	2011			2010			2011			2010
Service cost	$	7		$	6		$	5		$	5
Interest cost on accumulated other postretirement benefit obligation		20			23			18			20
Expected return on plan assets		(22	)		(22	)		(21	)		(19	)
Amortization of net actuarial loss		22			23			20			21
Amortization of prior service cost		(3	)		(3	)		(3	)		(4	)
Amortization of transition obligation		1			1			1			1
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	25		$	28		$	20		$	24
Cost capitalized		(9	)		(10	)		(7	)		(8	)
Cost deferred		3			2			3			1
Cost charged to operating expenses	$	19		$	20		$	16		$	17
	For the Nine Months Ended September 30,
	Con Edison						CECONY
(Millions of Dollars)	2011			2010			2011			2010
Service cost	$	19		$	18		$	15		$	15
Interest cost on accumulated other postretirement benefit obligation		62			69			54			60
Expected return on plan assets		(66	)		(66	)		(59	)		(57	)
Amortization of net actuarial loss		66			69			60			63
Amortization of prior service cost		(7	)		(9	)		(9	)		(12	)
Amortization of transition obligation		3			3			3			3
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	77		$	84		$	64		$	72
Cost capitalized		(27	)		(30	)		(22	)		(25	)
Cost deferred		12			2			10			(1	)
Cost charged to operating expenses	$	62		$	56		$	52		$	46

Expected Contributions

Con Edison expects to make a contribution of $84 million, including $74 million for CECONY, to the other postretirement benefit plans in 2011. During the first nine months of 2011, Con Edison contributed $35 million to the other postretirement benefit plans (of which $30 million was contributed by CECONY).

CECONY [Member]

Other Postretirement Benefits

Note E — Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies' net periodic postretirement benefit costs for the three and nine months ended September 30, 2011 and 2010 were as follows:

	For the Three Months Ended September 30,
	Con Edison						CECONY
(Millions of Dollars)	2011			2010			2011			2010
Service cost	$	7		$	6		$	5		$	5
Interest cost on accumulated other postretirement benefit obligation		20			23			18			20
Expected return on plan assets		(22	)		(22	)		(21	)		(19	)
Amortization of net actuarial loss		22			23			20			21
Amortization of prior service cost		(3	)		(3	)		(3	)		(4	)
Amortization of transition obligation		1			1			1			1
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	25		$	28		$	20		$	24
Cost capitalized		(9	)		(10	)		(7	)		(8	)
Cost deferred		3			2			3			1
Cost charged to operating expenses	$	19		$	20		$	16		$	17
	For the Nine Months Ended September 30,
	Con Edison						CECONY
(Millions of Dollars)	2011			2010			2011			2010
Service cost	$	19		$	18		$	15		$	15
Interest cost on accumulated other postretirement benefit obligation		62			69			54			60
Expected return on plan assets		(66	)		(66	)		(59	)		(57	)
Amortization of net actuarial loss		66			69			60			63
Amortization of prior service cost		(7	)		(9	)		(9	)		(12	)
Amortization of transition obligation		3			3			3			3
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	77		$	84		$	64		$	72
Cost capitalized		(27	)		(30	)		(22	)		(25	)
Cost deferred		12			2			10			(1	)
Cost charged to operating expenses	$	62		$	56		$	52		$	46

Expected Contributions

Con Edison expects to make a contribution of $84 million, including $74 million for CECONY, to the other postretirement benefit plans in 2011. During the first nine months of 2011, Con Edison contributed $35 million to the other postretirement benefit plans (of which $30 million was contributed by CECONY).