Schedule I - Condensed Financial Information

12 Months Ended

Dec. 31, 2012

Schedule I - Condensed Financial Information

Schedule I

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Income Statement

(Parent Company Only)

(Millions of Dollars, except per share amounts)	2012			2011			2010
Equity in earnings of subsidiaries	$	1,154		$	1,064		$	1,008
Other income (deductions), net of taxes		12			15			12
Interest expense		(28	)		(28	)		(28	)
Net Income for Common Stock	$	1,138		$	1,051		$	992
Comprehensive Income for Common Stock	$	1,138		$	1,051		$	992
Net Income Per Common Share – Basic	$	3.88		$	3.59		$	3.49
Net Income Per Common Share – Diluted	$	3.86		$	3.57		$	3.47
Dividends Declared Per Share Of Common Stock	$	2.42		$	2.40		$	2.38
Average Number Of Shares Outstanding – Basic (In Millions)		292.9			292.6			284.3
Average Number Of Shares Outstanding – Diluted (In Millions)		294.5			294.4			285.9

* These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Statement of Cash Flows

(Parent Company Only)

(Millions of Dollars)	2012			2011			2010
Net Income	$	1,138		$	1,051		$	992
Equity in earnings of subsidiaries		(1,154	)		(1,064	)		(1,008	)
Dividends received from:
CECONY		682			681			670
O&R		34			33			32
Competitive energy businesses		11			12			8
Other – net		(208	)		(67	)		(4	)
Net Cash Flows from Operating Activities		503			646			690
Investing Activities
Contributions to subsidiaries		(100	)		-			(355	)
Net Cash Flows Used in Investing Activities		(100	)		-			(355	)
Financing Activities
Net proceeds of short-term debt		115			-			-
Retirement of long-term debt		(1	)		(1	)		(3	)
Issuance of common shares for stock plans, net of repurchases		(9	)		31			439
Common stock dividends		(709	)		(693	)		(629	)
Net Cash Flows Used in Financing Activities		(604	)		(663	)		(193	)
Net Change for the Period		(201	)		(17	)		142
Balance at Beginning of Period		205			222			80
Balance at End of Period	$	4		$	205		$	222

* These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Balance Sheet

(Parent Company Only)

	At December 31,
(Millions of Dollars)	2012		2011
Assets
Current Assets
Cash and temporary cash investments	$	4	$	205
Accounts receivable – other		88		93
Accounts receivable from affiliated companies		393		208
Prepayments		51		36
Other current assets		54		61
Total Current Assets		590		603
Investments in subsidiaries and others		12,672		12,145
Goodwill		406		406
Deferred income tax		20		19
Other assets		4		4
Total Assets	$	13,692	$	13,177
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$	2	$	1
Notes Payable		115		-
Accounts payable		5		5
Accounts payable to affiliated companies		146		143
Other current liabilities		214		240
Total Current Liabilities		482		389
Noncurrent Liabilities		-		-
Total Liabilities		482		389
Long-term debt		311		313
Shareholders’ Equity
Common stock		4,976		4,977
Retained earnings		7,923		7,498
Total Shareholders’ Equity		12,899		12,475
Total Liabilities and Shareholders’ Equity	$	13,692	$	13,177

* These financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.