Schedule I Condensed Financial Information

12 Months Ended

Dec. 31, 2011

Schedule I Condensed Financial Information [Abstract]

Schedule I Condensed Financial Information

Schedule I

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Income Statement

(Parent Company Only)

	2011			2010			2009
	(millions of dollars, except per share amounts)
Equity in earnings of subsidiaries	$	1,064		$	1,008		$	883
Other income (deductions), net of taxes		15			12			14
Interest expense		(28	)		(28	)		(29	)
Net Income for Common Stock	$	1,051		$	992		$	868
Net Income Per Common Share – Basic	$	3.59		$	3.49		$	3.16
Net Income 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

* These financial statements, in which Con Edison's subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Statement of Cash Flows

(Parent Company Only)

	2011			2010			2009
	(millions of dollars)
Net Income	$	1,051		$	992		$	868
Equity in earnings of subsidiaries		(1,064	)		(1,008	)		(883	)
Dividends received from:
CECONY		681			670			652
O&R		33			32			32
Competitive energy businesses		12			8			8
Other – net		(67	)		(4	)		85
Net Cash Flows from Operating Activities		646			690			762
Investing Activities
Contributions to subsidiaries		—			(355	)		(241	)
Net Cash Flows Used in Investing Activities		—			(355	)		(241	)
Financing Activities
Net payments of short-term debt		—			—			(110	)
Retirement of long-term debt		(1	)		(3	)		(4	)
Common shares issued		31			439			257
Common stock dividends		(693	)		(629	)		(601	)
Net Cash Flows Used in Financing Activities		(663	)		(193	)		(458	)
Net Change for the Period		(17	)		142			63
Balance at Beginning of Period		222			80			17
Balance at End of Period	$	205		$	222		$	80

* These financial statements, in which Con Edison's subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Balance Sheet

(Parent Company Only)

	At December 31,
	2011		2010
	(millions of dollars)
Assets
Current Assets
Cash and temporary cash investments	$	205	$	222
Accounts receivable – other		93		123
Accounts receivable from affiliated companies		208		—
Prepayments		36		240
Other current assets		61		51
Total Current Assets		603		636
Investments in subsidiaries and others		12,145		11,807
Goodwill		406		406
Deferred income tax		19		38
Other assets		4		4
Total Assets	$	13,177	$	12,891
Liabilities and Shareholders' Equity
Current Liabilities
Long-term debt due within one year	$	1	$	1
Accounts payable		5		5
Accounts payable to affiliated companies		143		356
Other current liabilities		240		134
Total Current Liabilities		389		496
Noncurrent Liabilities		—		—
Total Liabilities		389		496
Long-term debt		313		314
Shareholders' Equity
Common stock		4,977		4,900
Retained earnings		7,498		7,181
Total Shareholders' Equity		12,475		12,081
Total Liabilities and Shareholders' Equity	$	13,177	$	12,891

* These financial statements, in which Con Edison's subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.