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Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUES        
Electric $ 2,810 $ 2,861 $ 6,762 $ 6,883
Gas 216 220 1,161 1,309
Steam 68 76 414 508
Non-utility 344 472 950 1,272
TOTAL OPERATING REVENUES 3,438 3,629 9,287 9,972
OPERATING EXPENSES        
Purchased power 930 1,239 2,440 3,124
Fuel 59 73 213 317
Gas purchased for resale 56 73 314 491
Operations and maintenance 826 783 2,365 2,213
Depreciation and amortization 240 222 709 659
Taxes, other than income taxes 476 483 1,360 1,387
TOTAL OPERATING EXPENSES 2,587 2,873 7,401 8,191
OPERATING INCOME 851 756 1,886 1,781
OTHER INCOME (DEDUCTIONS)        
Investment and other income 4   14 19
Allowance for equity funds used during construction 1 2 3 8
Other deductions (3) (3) (13) (14)
TOTAL OTHER INCOME (DEDUCTIONS) 2 (1) 4 13
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 853 755 1,890 1,794
INTEREST EXPENSE        
Interest on long-term debt 146 145 440 437
Other interest 6   17 15
Allowance for borrowed funds used during construction   (1) (2) (4)
NET INTEREST EXPENSE 152 144 455 448
INCOME BEFORE INCOME TAX EXPENSE 701 611 1,435 1,346
INCOME TAX EXPENSE 261 225 501 477
NET INCOME 440 386 934 869
Preferred stock dividend requirements of subsidiary   (3) (3) (9)
NET INCOME FOR COMMON STOCK 440 383 931 860
Net income for common stock per common share-basic $ 1.50 $ 1.31 $ 3.18 $ 2.94
Net income for common stock per common share-diluted $ 1.49 $ 1.30 $ 3.16 $ 2.92
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.605 $ 0.600 $ 1.815 $ 1.800
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (IN MILLIONS) 292.9 292.9 292.9 292.5
AVERAGE NUMBER OF SHARES OUTSTANDING-DILUTED (IN MILLIONS) 294.6 294.6 294.6 294.2
CECONY [Member]
       
OPERATING REVENUES        
Electric 2,611 2,644 6,307 6,378
Gas 189 197 1,017 1,156
Steam 68 76 414 508
TOTAL OPERATING REVENUES 2,868 2,917 7,738 8,042
OPERATING EXPENSES        
Purchased power 604 736 1,554 1,840
Fuel 59 73 213 317
Gas purchased for resale 45 57 264 412
Other operations and maintenance 725 678 2,065 1,906
Depreciation and amortization 225 209 664 618
Taxes, other than income taxes 456 462 1,300 1,330
TOTAL OPERATING EXPENSES 2,114 2,215 6,060 6,423
OPERATING INCOME 754 702 1,678 1,619
OTHER INCOME (DEDUCTIONS)        
Investment and other income 2 (6) 6 3
Allowance for equity funds used during construction   1 2 6
Other deductions (2) (3) (10) (12)
TOTAL OTHER INCOME (DEDUCTIONS)   (8) (2) (3)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 754 694 1,676 1,616
INTEREST EXPENSE        
Interest on long-term debt 130 130 395 393
Other interest 8 4 19 13
Allowance for borrowed funds used during construction   (1) (1) (3)
NET INTEREST EXPENSE 138 133 413 403
INCOME BEFORE INCOME TAX EXPENSE 616 561 1,263 1,213
INCOME TAX EXPENSE 227 205 436 425
NET INCOME 389 356 827 788
Preferred stock dividend requirements of subsidiary   (3) (3) (9)
NET INCOME FOR COMMON STOCK $ 389 $ 353 $ 824 $ 779