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Pension Benefits (Tables) (Pension Benefits [Member])
 12 Months Ended
Dec. 31, 2011
Pension Benefits [Member]
  
Companies' Net Periodic Benefit Costs
     Con Edison     CECONY  
(millions of dollars)   2011     2010     2009     2011     2010     2009  

Service cost – including administrative expenses

   $ 190      $ 168      $ 159      $ 177      $ 157      $ 149   

Interest cost on projected benefit obligation

     560        556        525        524        521        492   

Expected return on plan assets

     (734 )      (704 )      (691 )      (698 )      (670 )      (659 ) 

Amortization of net actuarial loss

     530        425        299        501        401        271   

Amortization of prior service costs

     8        8        8        6        6        7   

NET PERIODIC BENEFIT COST

   $ 554      $ 453      $ 300      $ 510      $ 415      $ 260   

Amortization of regulatory asset*

     2        2        3        2        2        3   

TOTAL PERIODIC BENEFIT COST

   $ 556      $ 455      $ 303      $ 512      $ 417      $ 263   

Cost capitalized

     (185 )      (157 )      (109 )      (172 )      (146 )      (98 ) 

Cost deferred

     (65 )      (115 )      (38 )      (68 )      (113 )      (32 ) 

Cost charged to operating expenses

   $ 306      $ 183      $ 156      $ 272      $ 158      $ 133   
* Relates to an increase in CECONY's pension obligation of $45 million from a 1999 special retirement program.
Schedule Of Funded Status
     Con Edison     CECONY  
(millions of dollars)   2011     2010     2009     2011     2010     2009  

CHANGE IN PROJECTED BENEFIT OBLIGATION

            

Projected benefit obligation at beginning of year

   $ 10,307      $ 9,408      $ 9,383      $ 9,653      $ 8,803      $ 8,793   

Service cost – excluding administrative expenses

     186        160        158        174        149        147   

Interest cost on projected benefit obligation

     560        556        525        524        521        492   

Plan amendments

     —        6        5        —        —        —   

Net actuarial (gain)/loss

     1,251        636        (215 )      1,166        607        (216 ) 

Benefits paid

     (479 )      (459 )      (448 )      (445 )      (427 )      (413 ) 

PROJECTED BENEFIT OBLIGATION AT END OF YEAR

   $ 11,825      $ 10,307      $ 9,408      $ 11,072      $ 9,653      $ 8,803   

CHANGE IN PLAN ASSETS

            

Fair value of plan assets at beginning of year

   $ 7,721      $ 6,877      $ 5,836      $ 7,340      $ 6,544      $ 5,562   

Actual return on plan assets

     37        888        1,220        33        846        1,166   

Employer contributions

     542        443        291        498        404        249   

Benefits paid

     (479 )      (459 )      (448 )      (445 )      (427 )      (413 ) 

Administrative expenses

     (21 )      (28 )      (22 )      (20 )      (27 )      (20 ) 

FAIR VALUE OF PLAN ASSETS AT END OF YEAR

   $ 7,800      $ 7,721      $ 6,877      $ 7,406      $ 7,340      $ 6,544   

FUNDED STATUS

   $ (4,025 )    $ (2,586 )    $ (2,531 )    $ (3,666 )    $ (2,313 )    $ (2,259 ) 

Unrecognized net loss

     5,351        3,915        3,868        5,063        3,716        3,666   

Unrecognized prior service costs

     30        38        40        16        22        28   

Accumulated benefit obligation

     10,595        9,319        8,598        9,876        8,694        8,015   
Schedule Of Assumptions
     2011     2010     2009  

Weighted-average assumptions used to determine benefit obligations at December 31:

      

Discount rate

     4.70 %      5.60 %      6.05 % 

Rate of compensation increase

      

– CECONY

     4.35 %      4.35 %      4.00 % 

– O&R

     4.25 %      4.25 %      4.00 % 

Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:

      

Discount rate

     5.60 %      6.05 %      5.75 % 

Expected return on plan assets

     8.50 %      8.50 %      8.50 % 

Rate of compensation increase

      

– CECONY

     4.35 %      4.00 %      4.00 % 

– O&R

     4.25 %      4.00 %      4.00 % 
Schedule Of Expected Benefit Payments
(millions of dollars)   2012     2013     2014     2015     2016     2017-2021  

Con Edison

   $ 525      $ 552      $ 579      $ 604      $ 629      $ 3,487   

CECONY

     489        515        539        563        586        3,253   
Schedule Of Plan Assets Allocations
     Target
Allocation Range		     Plan Assets at December 31  
Asset Category   2012       2011         2010         2009    

Equity Securities

     55% - 65%        61%        67%        67%   

Debt Securities

     27% -  33%        32%        28%        28%   

Real Estate

     8% - 12%        7%        5%        5%   

Total

     100%        100%        100%        100%   
Schedule Of Fair Value Of Plan Assets

The fair values of the pension plan assets at December 31, 2011 by asset category are as follows:

 

(millions of dollars)   Level 1     Level 2     Level 3     Total  

U.S. Equity(a)

   $ 2,506      $ —      $ —      $ 2,506   

International Equity (b)

     1,904        637        —        2,541   

U.S. Government Issues(c)

     —        1,618        —        1,618   

Corporate Bonds(d)

     —        668        94        762   

Structured Assets(e)

     —        —        13        13   

Other Fixed Income(f)

     —        67        29        96   

Real Estate(g)

     —        —        572        572   

Cash and Cash Equivalents(h)

     13        395        —        408   

Total investments

   $ 4,423      $ 3,385      $ 708      $ 8,516   

Funds for retiree health benefits(i)

     (174 )      (134 )      (28 )      (336 ) 

Investments (excluding funds for retiree health benefits)

   $ 4,249      $ 3,251      $ 680      $ 8,180   

Pending activities(j)

                             (380 ) 

Total fair value of plan net assets

                           $ 7,800   

 

(a) U.S. Equity includes both actively- and passively-managed assets with investments in domestic equity index funds and actively-managed small-capitalization equities.

(b) International Equity includes international equity index funds and actively-managed international equities.
(c) U.S. Government Issues include agency and treasury securities.
(d) Corporate Bonds classified as Level 3 include 144A illiquid securities.
(e) Structured Assets are measured using broker quotes and investment manager proprietary models and include commercial-mortgage-backed securities and collateralized mortgage obligations.
(f) Other Fixed Income includes municipal bonds, sovereign debt and regional governments.
(g) Real Estate investments include real estate funds based on appraised values that are broadly diversified by geography and property type.
(h) Cash and Cash Equivalents include short term investments, money markets, foreign currency and cash collateral.
(i) The Companies set aside funds for retiree health benefits through a separate account within the pension trust, as permitted under Section 401(h) of the Internal Revenue Code of 1986, as amended. In accordance with the Code, the plan's investments in the 401(h) account may not be used for, or diverted to, any purpose other than providing health benefits for retirees. The net assets held in the 401(h) account are calculated based on a pro-rata percentage allocation of the net assets in the pension plan. The related obligations for health benefits are not included in the pension plan's obligations and are included in the Companies' other postretirement benefit obligation. See Note F.
(j) Pending activities include security purchases and sales that have not settled, interest and dividends that have not been received and reflects adjustments for available estimates at year end.
 
The fair values of the pension plan assets at December 31, 2010 by asset category are as follows:

 

(millions of dollars)   Level 1     Level 2     Level 3     Total  

U.S. Equity(a)

   $ 3,935      $ —      $ —      $ 3,935   

International Equity(b)

     1,249        234        —        1,483   

U.S. Government Issues(c)

     —        1,300        —        1,300   

Corporate Bonds(d)

     —        571        129        700   

Structured Assets(e)

     —        —        87        87   

Other Fixed Income(f)

     —        31        66        97   

Real Estate(g)

     —        —        398        398   

Cash and Cash Equivalents(h)

     3        232        —        235   

Total investments

   $ 5,187      $ 2,368      $ 680      $ 8,235   

Funds for retiree health benefits(i)

     (226 )      (103 )      (30 )      (359 ) 

Investments (excluding funds for retiree health benefits)

   $ 4,961      $ 2,265      $ 650      $ 7,876   

Pending activities(j)

           (155 ) 

Total fair value of plan net assets

                           $ 7,721   

 

(a) U.S. Equity includes both actively- and passively-managed assets with investments in domestic equity index funds, actively-managed small-capitalization equities, rights and warrants.
(b) International Equity includes international equity index funds, actively-managed international equities, rights and warrants.
(c) U.S. Government Issues include agency and treasury securities.
(d) Corporate Bonds held in institutional mutual funds which are measured at Net Asset Value (NAV) are classified as Level 3.
(e) Structured Assets are measured using broker quotes and investment manager proprietary models and include commercial-mortgage-backed securities, collateralized mortgage obligations and asset-backed securities.
(f) Other Fixed Income includes emerging market debt valued using broker quotes, municipal bonds, sovereign debt, regional governments and government agencies.
(g) Real Estate investments include real estate funds based on appraised values that are broadly diversified by geography and property type.
(h) Cash and Cash Equivalents include short term investments, money markets and foreign currency.
(i) The Companies set aside funds for retiree health benefits through a separate account within the pension trust, as permitted under Section 401(h) of the Internal Revenue Code of 1986, as amended. In accordance with the Code, the plan's investments in the 401(h) account may not be used for, or diverted to, any purpose other than providing health benefits for retirees. The net assets held in the 401(h) account are calculated based on a pro-rata percentage allocation of the net assets in the pension plan. The related obligations for health benefits are not included in the pension plan's obligations and are included in the Companies' other postretirement benefit obligation. See Note F.
(j) Pending activities include security purchases and sales that have not settled, interest and dividends that have not been received and reflects adjustments for available estimates at year end.
Reconciliation Of Fair Value Balances For Net Assets

The table below provides a reconciliation of the beginning and ending net balances for assets at December 31, 2011 classified as Level 3 in the fair value hierarchy.

 

(millions of dollars)   Beginning
Balance as of
January 1, 2011		     Assets Still Held at
Reporting Date –
Unrealized
Gains/(Losses)		     Assets Sold
During the
Period –
Realized
Gains		     Purchases
Sales and
Settlements		     Ending
Balance as of
December 31,
2011		  

Corporate Bonds

   $ 129      $ (9 )    $ 11      $ (37 )    $ 94   

Structured Assets

     87        (1 )      2        (75 )      13   

Other Fixed Income

     66        (1 )      3        (39 )      29   

Real Estate

     398        65        —        109        572   

Total investments

   $ 680      $ 54      $ 16      $ (42 )    $ 708   

Funds for retiree health benefits

     (30 )      3        1        (2 )      (28 ) 

Investments (excluding funds for retiree health benefits)

   $ 650      $ 57      $ 17      $ (44 )    $ 680   

The table below provides a reconciliation of the beginning and ending net balances for assets at December 31, 2010 classified as Level 3 in the fair value hierarchy.

 

(millions of dollars)   Beginning
Balance as of
January 1, 2010		     Assets Still Held at
Reporting Date –
Unrealized
Gains/(Losses)		     Assets Sold
During the
Period –
Realized
Gains/(Losses)		     Purchases
Sales and
Settlements		     Ending
Balance as of
December 31,
2010		  

U.S. Equity

   $ —      $ —      $ —      $ —      $ —   

International Equity

     1        1        (1 )      (1 )      —   

Corporate Bonds

     143        (3 )      9        (20 )      129   

Structured Assets

     91        15        (6 )      (13 )      87   

Other Fixed Income

     46        —        2        18        66   

Swaps

     (3 )      2        (1 )      2        —   

Real Estate

     344        47        —        7        398   

Total investments

   $ 622        62        3        (7 )    $ 680   

Funds for retiree health benefits

     (28 )      (3 )      (2 )      3        (30 ) 

Investments (excluding funds for retiree health benefits)

   $ 594      $ 59      $ 1      $ (4 )    $ 650   

 
Schedule Of Employer Contribution To Defined Savings Plan
     For the Years Ended December 31  
(millions of dollars)   2011     2010     2009  

Con Edison

   $ 23      $ 19      $ 19   

CECONY

     21        17        17