Schedule I

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Statement of Income and Comprehensive Income

(Parent Company Only)


	For the Years Ended December 31,
(Millions of Dollars, except per share amounts)	2013			2012			2011
Equity in earnings of subsidiaries	$	1,062		$	1,154		$	1,064
Other income (deductions), net of taxes		29			12			15
Interest expense		(29	)		(28	)		(28	)
Net Income for Common Stock	$	1,062		$	1,138		$	1,051
Comprehensive Income for Common Stock	$	1,090		$	1,143		$	1,033
Net Income Per Common Share – Basic	$	3.62		$	3.88		$	3.59
Net Income Per Common Share – Diluted	$	3.61		$	3.86		$	3.57
Dividends Declared Per Share Of Common Stock	$	2.46		$	2.42		$	2.40
Average Number Of Shares Outstanding—Basic (In Millions)		292.9			292.9			292.6
Average Number Of Shares Outstanding—Diluted (In Millions)		294.4			294.5			294.4

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. The Parent Company revised the 2012 and 2011 comprehensive income for common stock to include the Parent Company portion of other comprehensive income related to its wholly owned subsidiaries. The revision resulted in an increase of comprehensive income for common stock of $5 million in 2012 and a decrease of $18 million in 2011. The revision is not material to the previously issued consolidated financial statements of the Parent Company as a whole for the year ended December 31, 2012.

Condensed Financial Information of Consolidated Edison, Inc.*

Condensed Statement of Cash Flows

(Parent Company Only)


	For the Years Ended December 31,
(Millions of Dollars)	2013			2012			2011
Net Income	$	1,062		$	1,138		$	1,051
Equity in earnings of subsidiaries		(1,062	)		(1,154	)		(1,064	)
Dividends received from:
CECONY		728			682			681
O&R		38			34			33
Competitive energy businesses		12			11			12
Change in Assets:
Special deposits		(264	)		-			-
Other – net		166			(208	)		(67	)
Net Cash Flows from Operating Activities		680			503			646
Investing Activities
Contributions to subsidiaries		-			(100	)		-
Net Cash Flows Used in Investing Activities		-			(100	)		-
Financing Activities
Net proceeds of short-term debt		58			115			-
Retirement of long-term debt		(1	)		(1	)		(1	)
Issuance of common shares for stock plans, net of repurchases		(8	)		(9	)		31
Common stock dividends		(721	)		(709	)		(693	)
Net Cash Flows Used in Financing Activities		(672	)		(604	)		(663	)
Net Change for the Period		8			(201	)		(17	)
Balance at Beginning of Period		4			205			222
Balance at End of Period	$	12		$	4		$	205

*	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)	2013		2012
Assets Current Assets
Cash and temporary cash investments	$	12	$	4
Special deposits		315		51
Accounts receivable – other		185		88
Accounts receivable from affiliated companies		950		393
Prepayments		2		51
Other current assets		-		3
Total Current Assets		1,464		590
Investments in subsidiaries		11,954		11,642
Goodwill		406		406
Deferred income tax		14		20
Other assets		4		4
Total Assets	$	13,842	$	12,662
Liabilities and Shareholders’ Equity
Current Liabilities
Long-term debt due within one year	$	2	$	2
Notes Payable		173		115
Accounts payable		-		5
Accounts payable to affiliated companies		148		146
Accrued taxes		426		119
Other current liabilities		538		95
Total Current Liabilities		1,287		482
Noncurrent Liabilities		-		-
Total Liabilities		1,287		482
Long-term debt		310		311
Shareholders’ Equity
Common stock, including additional paid–in capital		5,027		5,023
Retained earnings		7,218		6,846
Total Shareholders’ Equity		12,245		11,869
Total Liabilities and Shareholders’ Equity	$	13,842	$	12,662

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. The Parent Company changed the classification of the common stock owned by its wholly owned subsidiary, Consolidated Edison Company of New York, Inc., to a reduction of its previously reported common shareholders’ equity at December 31, 2012 (see Note C to the consolidated financial statements). This classification change has no impact on the Parent Company financial condition, results of operations or cash flows.