Financial Information By Business Segment

9 Months Ended

Sep. 30, 2011

Financial Information By Business Segment

Note H — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2011			2010			2011			2010			2011		2010		2011			2010
CECONY
Electric	$	2,644		$	2,570		$	3		$	3		$	166	$	156	$	758		$	715
Gas		197			204			1			1			28		26		(23	)		(16	)
Steam		76			91			20			18			15		16		(33	)		(33	)
Consolidation adjustments		—			—			(24	)		(22	)		—		—		—			—
Total CECONY	$	2,917		$	2,865		$	—		$	—		$	209	$	198	$	702		$	666
O&R
Electric	$	217		$	245		$	—		$	—		$	9	$	8	$	44		$	52
Gas		24			25			—			—			3		3		(6	)		(4	)
Total O&R	$	241		$	270		$	—		$	—		$	12	$	11	$	38		$	48
Competitive energy businesses	$	472		$	584		$	3		$	2		$	1	$	2	$	16		$	(8	)
Other*		(1	)		(12	)		(3	)		(2	)		—		—		—			(1	)
Total Con Edison	$	3,629		$	3,707		$	—		$	—		$	222	$	211	$	756		$	705

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

	For the Nine Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2011			2010			2011			2010			2011		2010		2011			2010
CECONY
Electric	$	6,378		$	6,402		$	9		$	9		$	489	$	464	$	1,326		$	1,228
Gas		1,156			1,126			4			4			82		76		212			243
Steam		508			487			59			55			47		46		81			41
Consolidation adjustments		—			—			(72	)		(68	)		—		—		—			—
Total CECONY	$	8,042		$	8,015		$	—		$	—		$	618	$	586	$	1,619		$	1,512
O&R
Electric	$	507		$	559		$	—		$	—		$	26	$	24	$	69		$	71
Gas		153			150			—			—			10		9		22			20
Total O&R	$	660		$	709		$	—		$	—		$	36	$	33	$	91		$	91
Competitive energy businesses	$	1,286		$	1,491		$	9		$	6		$	5	$	7	$	75		$	25
Other*		(16	)		(30	)		(9	)		(6	)		—		—		(2	)		(1	)
Total Con Edison	$	9,972		$	10,185		$	—		$	—		$	659	$	626	$	1,781		$	1,627

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

CECONY [Member]

Financial Information By Business Segment

Note H — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2011			2010			2011			2010			2011		2010		2011			2010
CECONY
Electric	$	2,644		$	2,570		$	3		$	3		$	166	$	156	$	758		$	715
Gas		197			204			1			1			28		26		(23	)		(16	)
Steam		76			91			20			18			15		16		(33	)		(33	)
Consolidation adjustments		—			—			(24	)		(22	)		—		—		—			—
Total CECONY	$	2,917		$	2,865		$	—		$	—		$	209	$	198	$	702		$	666
O&R
Electric	$	217		$	245		$	—		$	—		$	9	$	8	$	44		$	52
Gas		24			25			—			—			3		3		(6	)		(4	)
Total O&R	$	241		$	270		$	—		$	—		$	12	$	11	$	38		$	48
Competitive energy businesses	$	472		$	584		$	3		$	2		$	1	$	2	$	16		$	(8	)
Other*		(1	)		(12	)		(3	)		(2	)		—		—		—			(1	)
Total Con Edison	$	3,629		$	3,707		$	—		$	—		$	222	$	211	$	756		$	705

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

	For the Nine Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2011			2010			2011			2010			2011		2010		2011			2010
CECONY
Electric	$	6,378		$	6,402		$	9		$	9		$	489	$	464	$	1,326		$	1,228
Gas		1,156			1,126			4			4			82		76		212			243
Steam		508			487			59			55			47		46		81			41
Consolidation adjustments		—			—			(72	)		(68	)		—		—		—			—
Total CECONY	$	8,042		$	8,015		$	—		$	—		$	618	$	586	$	1,619		$	1,512
O&R
Electric	$	507		$	559		$	—		$	—		$	26	$	24	$	69		$	71
Gas		153			150			—			—			10		9		22			20
Total O&R	$	660		$	709		$	—		$	—		$	36	$	33	$	91		$	91
Competitive energy businesses	$	1,286		$	1,491		$	9		$	6		$	5	$	7	$	75		$	25
Other*		(16	)		(30	)		(9	)		(6	)		—		—		(2	)		(1	)
Total Con Edison	$	9,972		$	10,185		$	—		$	—		$	659	$	626	$	1,781		$	1,627

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.