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Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING REVENUES      
Electric $ 8,918 $ 9,064 $ 8,320
Gas 1,735 1,760 1,943
Steam 683 656 661
Non-utility 1,602 1,845 2,108
TOTAL OPERATING REVENUES 12,938 13,325 13,032
OPERATING EXPENSES      
Purchased power 3,967 4,613 4,776
Fuel 412 458 503
Gas purchased for resale 622 683 963
Other operations and maintenance 2,969 2,888 2,555
Depreciation and amortization 884 840 791
Taxes, other than income taxes 1,845 1,723 1,545
TOTAL OPERATING EXPENSES 10,699 11,205 11,133
OPERATING INCOME 2,239 2,120 1,899
OTHER INCOME (DEDUCTIONS)      
Investment and other income 23 46 32
Allowance for equity funds used during construction 11 15 14
Other deductions (17) (21) (15)
TOTAL OTHER INCOME (DEDUCTIONS) 17 40 31
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,256 2,160 1,930
INTEREST EXPENSE      
Interest on long-term debt 582 597 590
Other interest 18 21 30
Allowance for borrowed funds used during construction (6) (9) (9)
NET INTEREST EXPENSE 594 609 611
INCOME BEFORE INCOME TAX EXPENSE 1,662 1,551 1,319
INCOME TAX EXPENSE 600 548 440
NET INCOME 1,062 1,003 879
Preferred stock dividend requirements of subsidiary (11) (11) (11)
NET INCOME FOR COMMON STOCK 1,051 992 868
Net income for common stock per common share - basic $ 3.59 $ 3.49 $ 3.16
Net income for common stock per common share - diluted $ 3.57 $ 3.47 $ 3.14
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 2.40 $ 2.38 $ 2.36
AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC (IN MILLIONS) 292.6 284.3 275.2
AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED (IN MILLIONS) 294.4 285.9 276.3
CECONY [Member]
     
OPERATING REVENUES      
Electric 8,280 8,376 7,674
Gas 1,521 1,541 1,701
Steam 683 656 661
TOTAL OPERATING REVENUES 10,484 10,573 10,036
OPERATING EXPENSES      
Purchased power 2,313 2,683 2,583
Fuel 412 458 503
Gas purchased for resale 518 574 818
Other operations and maintenance 2,561 2,493 2,186
Depreciation and amortization 829 787 744
Taxes, other than income taxes 1,768 1,656 1,486
TOTAL OPERATING EXPENSES 8,401 8,651 8,320
OPERATING INCOME 2,083 1,922 1,716
OTHER INCOME (DEDUCTIONS)      
Investment and other income 4 32 34
Allowance for equity funds used during construction 8 13 12
Other deductions (14) (19) (13)
TOTAL OTHER INCOME (DEDUCTIONS) (2) 26 33
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 2,081 1,948 1,749
INTEREST EXPENSE      
Interest on long-term debt 523 537 534
Other interest 16 19 27
Allowance for borrowed funds used during construction (5) (7) (8)
NET INTEREST EXPENSE 534 549 553
INCOME BEFORE INCOME TAX EXPENSE 1,547 1,399 1,196
NET INCOME 989 904 792
Preferred stock dividend requirements of subsidiary (11) (11) (11)
NET INCOME FOR COMMON STOCK $ 978 $ 893 $ 781