Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2012

Net Periodic Postretirement Benefit Costs

The components of the Companies’ net periodic postretirement benefit costs for the three and six months ended June 30, 2012 and 2011 were as follows:

	For the Three Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2012			2011			2012			2011
Service cost		$   6			$   6			$   5			$   5
Interest cost on accumulated other postretirement benefit obligation		18			21			15			18
Expected return on plan assets		(21	)		(22	)		(18	)		(19	)
Amortization of net actuarial loss		24			22			21			20
Amortization of prior service cost		(5	)		(2	)		(4	)		(3	)
Amortization of transition obligation		1			1			1			1
NET PERIODIC POSTRETIREMENT BENEFIT COST		$ 23			$ 26			$ 20			$ 22
Cost capitalized		(8	)		(9	)		(7	)		(8	)
Reconciliation to rate level		5			4			4			4
Cost charged to operating expenses		$ 20			$ 21			$ 17			$ 18

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2012			2011			2012			2011
Service cost		$ 13			$ 12			$ 10			$ 10
Interest cost on accumulated other postretirement benefit obligation		36			42			32			36
Expected return on plan assets		(42	)		(44	)		(38	)		(38	)
Amortization of net actuarial loss		49			44			44			40
Amortization of prior service cost		(11	)		(4	)		(9	)		(6	)
Amortization of transition obligation		1			2			1			2
NET PERIODIC POSTRETIREMENT BENEFIT COST		$ 46			$ 52			$ 40			$ 44
Cost capitalized		(16	)		(18	)		(14	)		(15	)
Reconciliation to rate level		14			9			8			7
Cost charged to operating expenses		$ 44			$ 43			$ 34			$ 36