Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2012

Regulatory Assets and Liabilities

Regulatory assets and liabilities at September 30, 2012 and December 31, 2011 were comprised of the following items:

	Con Edison				CECONY
(Millions of Dollars)	2012		2011		2012		2011
Regulatory assets
Unrecognized pension and other postretirement costs		$5,211		$5,852		$4,972		$5,554
Future income tax		1,888		1,798		1,810		1,724
Environmental remediation costs		722		681		607		564
Pension and other post retirement benefits deferrals		205		198		174		157
Revenue taxes		177		163		171		158
Surcharge for New York State assessment		135		90		125		82
Deferred storm costs		120		128		78		80
Net electric deferrals		107		121		107		121
Deferred derivative losses – long-term		47		60		25		44
O&R transition bond charges		40		44		—		—
Preferred stock redemption		29		—		29		—
Workers’ compensation		19		23		19		23
Property tax reconciliation		15		13		—		—
Recoverable energy costs – long-term		1		14		1		14
Other		181		152		167		140
Regulatory assets – long-term		8,897		9,337		8,285		8,661
Deferred derivative losses – current		75		164		62		140
Recoverable energy costs – current		2		—		—		—
Regulatory assets – current		77		164		62		140
Total Regulatory Assets		$8,974		$9,501		$8,347		$8,801
Regulatory liabilities
Allowance for cost of removal less salvage		$   488		$   448		$   407		$   372
Property tax reconciliation		137		35		137		35
Net unbilled revenue deferrals		121		104		121		104
World Trade Center settlement proceeds		62		62		62		62
Long-term interest rate reconciliation		54		30		54		30
Carrying charges on transmission and distribution net plant		36		38		16		14
Expenditure prudence proceeding		15		11		15		11
Gas line losses		14		21		14		21
Energy efficiency programs		5		22		5		20
Other		170		206		147		192
Regulatory liabilities – long-term		1,102		977		978		861
Revenue decoupling mechanism		107		66		103		66
Electric surcharge offset		60		—		60		—
Refundable energy costs – current		58		51		30		12
Deferred derivative gains – current		6		1		6		1
Regulatory liabilities – current		231		118		199		79
Total Regulatory Liabilities		$1,333		$1,095		$1,177		$   940