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Pension Benefits (Tables) (Pension benefits [Member])
6 Months Ended
Jun. 30, 2013
Pension benefits [Member]
 
Companies' Net Periodic Benefit Costs

The components of the Companies’ net periodic 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 – including administrative expenses

    $   67        $   59        $   62        $   55   

Interest cost on projected benefit obligation

    134        137        126        128   

Expected return on plan assets

    (187     (177     (178     (168

Recognition of net actuarial loss

    208        177        197        168   

Recognition of prior service costs

    1        2        1        2   

NET PERIODIC BENEFIT COST

    $ 223        $ 198        $ 208        $ 185   

Amortization of regulatory asset

    1        1        1        1   

TOTAL PERIODIC BENEFIT COST

    $ 224        $ 199        $ 209        $ 186   

Cost capitalized

    (88     (68     (84     (63

Reconciliation to rate level

    (30     3        (29     2   

Cost charged to operating expenses

    $ 106        $ 134        $   96        $ 125   

 

 

     For the Six Months Ended June 30,  
     Con Edison    

CECONY

 
(Millions of Dollars)   2013     2012     2013     2012  

Service cost – including administrative expenses

    $ 133        $ 118        $ 124        $ 110   

Interest cost on projected benefit obligation

    268        274        252        257   

Expected return on plan assets

    (375     (352     (356     (335

Recognition of net actuarial loss

    416        354        394        335   

Recognition of prior service costs

    3        4        2        3   

NET PERIODIC BENEFIT COST

    $ 445        $ 398        $ 416        $ 370   

Amortization of regulatory asset

    1        1        1        1   

TOTAL PERIODIC BENEFIT COST

    $ 446        $ 399        $ 417        $ 371   

Cost capitalized

    (170     (135     (163     (126

Reconciliation to rate level

    (24     (32     (23     (36

Cost charged to operating expenses

    $ 252        $ 232        $ 231        $ 209