Other Postretirement Benefits

6 Months Ended

Jun. 30, 2013

Other Postretirement Benefits

Note F — Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies’ net periodic postretirement benefit costs for the three and six months ended June 30, 2013 and 2012 were as follows:

	For the Three Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2013			2012			2013			2012
Service cost		$   6			$   6			$   5			$   5
Interest cost on accumulated other postretirement benefit obligation		13			18			12			15
Expected return on plan assets		(19	)		(21	)		(17	)		(18	)
Recognition of net actuarial loss		16			24			14			21
Recognition of prior service cost		(7	)		(5	)		(6	)		(4	)
Recognition of transition obligation		—			1			—			1
NET PERIODIC POSTRETIREMENT BENEFIT COST		$   9			$ 23			$   8			$ 20
Cost capitalized		(4	)		(8	)		(4	)		(7	)
Reconciliation to rate level		16			5			13			4
Cost charged to operating expenses		$ 21			$ 20			$ 17			$ 17

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2013			2012			2013			2012
Service cost		$ 12			$ 13			$   9			$ 10
Interest cost on accumulated other postretirement benefit obligation		27			36			23			32
Expected return on plan assets		(39	)		(42	)		(34	)		(38	)
Recognition of net actuarial loss		32			49			28			44
Recognition of prior service cost		(13	)		(11	)		(11	)		(9	)
Recognition of transition obligation		—			1			—			1
NET PERIODIC POSTRETIREMENT BENEFIT COST		$ 19			$ 46			$ 15			$ 40
Cost capitalized		(7	)		(16	)		(6	)		(14	)
Reconciliation to rate level		29			14			25			8
Cost charged to operating expenses		$ 41			$ 44			$ 34			$ 34

Expected Contributions

Based on estimates as of June 30, 2013, Con Edison expects to make a contribution of $10 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2013.

CECONY [Member]

Other Postretirement Benefits

Note F — Other Postretirement Benefits

Net Periodic Benefit Cost

The components of the Companies’ net periodic postretirement benefit costs for the three and six months ended June 30, 2013 and 2012 were as follows:

	For the Three Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2013			2012			2013			2012
Service cost		$   6			$   6			$   5			$   5
Interest cost on accumulated other postretirement benefit obligation		13			18			12			15
Expected return on plan assets		(19	)		(21	)		(17	)		(18	)
Recognition of net actuarial loss		16			24			14			21
Recognition of prior service cost		(7	)		(5	)		(6	)		(4	)
Recognition of transition obligation		—			1			—			1
NET PERIODIC POSTRETIREMENT BENEFIT COST		$   9			$ 23			$   8			$ 20
Cost capitalized		(4	)		(8	)		(4	)		(7	)
Reconciliation to rate level		16			5			13			4
Cost charged to operating expenses		$ 21			$ 20			$ 17			$ 17

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2013			2012			2013			2012
Service cost		$ 12			$ 13			$   9			$ 10
Interest cost on accumulated other postretirement benefit obligation		27			36			23			32
Expected return on plan assets		(39	)		(42	)		(34	)		(38	)
Recognition of net actuarial loss		32			49			28			44
Recognition of prior service cost		(13	)		(11	)		(11	)		(9	)
Recognition of transition obligation		—			1			—			1
NET PERIODIC POSTRETIREMENT BENEFIT COST		$ 19			$ 46			$ 15			$ 40
Cost capitalized		(7	)		(16	)		(6	)		(14	)
Reconciliation to rate level		29			14			25			8
Cost charged to operating expenses		$ 41			$ 44			$ 34			$ 34

Expected Contributions

Based on estimates as of June 30, 2013, Con Edison expects to make a contribution of $10 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2013.