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Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES        
Electric $ 2,090 $ 2,153 $ 3,952 $ 4,022
Gas 300 333 945 1,088
Steam 83 107 346 432
Non-utility 298 400 606 800
TOTAL OPERATING REVENUES 2,771 2,993 5,849 6,342
OPERATING EXPENSES        
Purchased power 729 1,020 1,510 1,886
Fuel 46 68 153 244
Gas purchased for resale 62 111 258 418
Operations and maintenance 790 732 1,539 1,429
Depreciation and amortization 236 219 469 437
Taxes, other than income taxes 433 445 884 904
TOTAL OPERATING EXPENSES 2,296 2,595 4,813 5,318
OPERATING INCOME 475 398 1,036 1,024
OTHER INCOME (DEDUCTIONS)        
Investment and other income 2 10 10 19
Allowance for equity funds used during construction 2 2 2 6
Other deductions (6) (7) (10) (10)
TOTAL OTHER INCOME (DEDUCTIONS) (2) 5 2 15
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 473 403 1,038 1,039
INTEREST EXPENSE        
Interest on long-term debt 149 146 295 293
Other interest 5 7 10 14
Allowance for borrowed funds used during construction (1) (1) (1) (3)
NET INTEREST EXPENSE 153 152 304 304
INCOME BEFORE INCOME TAX EXPENSE 320 251 734 735
INCOME TAX EXPENSE 106 83 240 252
NET INCOME 214 168 494 483
Preferred stock dividend requirements of subsidiary   (3) (3) (6)
NET INCOME FOR COMMON STOCK 214 165 491 477
Net income for common stock per common share - basic $ 0.73 $ 0.57 $ 1.68 $ 1.63
Net income for common stock per common share - diluted $ 0.73 $ 0.56 $ 1.67 $ 1.62
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.605 $ 0.600 $ 1.210 $ 1.200
AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC (IN MILLIONS) 292.9 292.7 292.9 292.3
AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED (IN MILLIONS) 294.4 294.3 294.4 293.9
CECONY
       
OPERATING REVENUES        
Electric 1,961 2,013 3,696 3,734
Gas 265 296 828 959
Steam 83 107 346 432
TOTAL OPERATING REVENUES 2,309 2,416 4,870 5,125
OPERATING EXPENSES        
Purchased power 504 621 950 1,104
Fuel 46 68 154 244
Gas purchased for resale 50 92 219 355
Other operations and maintenance 693 631 1,339 1,227
Depreciation and amortization 221 205 439 410
Taxes, other than income taxes 415 429 844 868
TOTAL OPERATING EXPENSES 1,929 2,046 3,945 4,208
OPERATING INCOME 380 370 925 917
OTHER INCOME (DEDUCTIONS)        
Investment and other income 1 4 5 9
Allowance for equity funds used during construction 1 2 1 5
Other deductions (5) (6) (8) (9)
TOTAL OTHER INCOME (DEDUCTIONS) (3)   (2) 5
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 377 370 923 922
INTEREST EXPENSE        
Interest on long-term debt 135 131 266 263
Other interest 5 5 10 10
Allowance for borrowed funds used during construction (1) (1) (1) (3)
NET INTEREST EXPENSE 139 135 275 270
INCOME BEFORE INCOME TAX EXPENSE 238 235 648 652
INCOME TAX EXPENSE 75 75 209 220
NET INCOME 163 160 439 432
Preferred stock dividend requirements of subsidiary   (3) (3) (6)
NET INCOME FOR COMMON STOCK $ 163 $ 157 $ 436 $ 426