Financial Information by Business Segment

6 Months Ended

Jun. 30, 2012

Financial Information by Business Segment

Note I — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2012			2011			2012			2011			2012		2011		2012			2011
CECONY
Electric		$1,961			$2,013			$   4			$   3			$175		$162		$348			$350
Gas		265			296			2			1			30		27		54			31
Steam		83			107			19			20			16		16		(22	)		(11	)
Consolidation adjustments		—			—			(25	)		(24	)		—		—		—			—
Total CECONY		$2,309			$2,416			$  —			$  —			$221		$205		$380			$370
O&R
Electric		$   129			$   141			$  —			$  —			$    9		$    8		$  16			$  14
Gas		35			37			—			—			4		4		1			1
Total O&R		$   164			$   178			$  —			$  —			$  13		$  12		$  17			$  15
Competitive energy businesses		$   300			$   406			$   2			$   2			$    2		$    2		$  78			$  14
Other*		(2	)		(7	)		(2	)		(2	)		—		—		—			(1	)
Total Con Edison		$2,771			$2,993			$  —			$  —			$236		$219		$475			$398

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

	For the Six Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2012			2011			2012			2011			2012		2011		2012			2011
CECONY
Electric		$3,696			$3,734			$    7			$    6			$348		$324		$   573			$   566
Gas		828			959			3			2			59		54		275			237
Steam		346			432			38			40			32		32		77			114
Consolidation adjustments		—			—			(48	)		(48	)		—		—		—			—
Total CECONY		$4,870			$5,125			$   —			$   —			$439		$410		$   925			$   917
O&R
Electric		$   257			$   289			$   —			$   —			$  19		$  17		$     24			$     25
Gas		117			130			—			—			7		7		31			28
Total O&R		$   374			$   419			$   —			$   —			$  26		$  24		$     55			$     53
Competitive energy businesses		$   610			$   814			$    4			$    5			$    4		$    3		$     59			$     58
Other*		(5	)		(16	)		(4	)		(5	)		—		—		(3	)		(4	)
Total Con Edison		$5,849			$6,342			$   —			$   —			$469		$437		$1,036			$1,024

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

CECONY

Financial Information by Business Segment

Note I — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2012			2011			2012			2011			2012		2011		2012			2011
CECONY
Electric		$1,961			$2,013			$   4			$   3			$175		$162		$348			$350
Gas		265			296			2			1			30		27		54			31
Steam		83			107			19			20			16		16		(22	)		(11	)
Consolidation adjustments		—			—			(25	)		(24	)		—		—		—			—
Total CECONY		$2,309			$2,416			$  —			$  —			$221		$205		$380			$370
O&R
Electric		$   129			$   141			$  —			$  —			$    9		$    8		$  16			$  14
Gas		35			37			—			—			4		4		1			1
Total O&R		$   164			$   178			$  —			$  —			$  13		$  12		$  17			$  15
Competitive energy businesses		$   300			$   406			$   2			$   2			$    2		$    2		$  78			$  14
Other*		(2	)		(7	)		(2	)		(2	)		—		—		—			(1	)
Total Con Edison		$2,771			$2,993			$  —			$  —			$236		$219		$475			$398

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

	For the Six Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2012			2011			2012			2011			2012		2011		2012			2011
CECONY
Electric		$3,696			$3,734			$    7			$    6			$348		$324		$   573			$   566
Gas		828			959			3			2			59		54		275			237
Steam		346			432			38			40			32		32		77			114
Consolidation adjustments		—			—			(48	)		(48	)		—		—		—			—
Total CECONY		$4,870			$5,125			$   —			$   —			$439		$410		$   925			$   917
O&R
Electric		$   257			$   289			$   —			$   —			$  19		$  17		$     24			$     25
Gas		117			130			—			—			7		7		31			28
Total O&R		$   374			$   419			$   —			$   —			$  26		$  24		$     55			$     53
Competitive energy businesses		$   610			$   814			$    4			$    5			$    4		$    3		$     59			$     58
Other*		(5	)		(16	)		(4	)		(5	)		—		—		(3	)		(4	)
Total Con Edison		$5,849			$6,342			$   —			$   —			$469		$437		$1,036			$1,024

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