Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2013

Regulatory Assets and Liabilities

Regulatory Assets and Liabilities

Regulatory assets and liabilities at December 31, 2013 and 2012 were comprised of the following items:

	Con Edison				CECONY
(Millions of Dollars)	2013		2012		2013		2012
Regulatory assets
Unrecognized pension and other postretirement costs	$	2,730	$	5,677	$	2,610	$	5,407
Future income tax		2,145		1,922		2,030		1,831
Environmental remediation costs		938		730		830		615
Deferred storm costs		441		432		334		309
Pension and other postretirement benefits deferrals		237		183		211		154
Revenue taxes		207		176		196		170
Net electric deferrals		83		102		83		102
Surcharge for New York State assessment		78		73		74		68
Unamortized loss on reacquired debt		65		74		62		70
O&R transition bond charges		33		39		-		-
Preferred stock redemption		28		29		28		29
Property tax reconciliation		22		16		-		-
Workers’ compensation		12		19		12		19
Deferred derivative losses – long-term		8		40		7		20
Other		174		193		162		178
Regulatory assets – long-term		7,201		9,705		6,639		8,972
Deferred derivative losses – current		25		69		22		60
Recoverable energy costs – current		4		5		4		-
Regulatory assets – current		29		74		26		60
Total Regulatory Assets	$	7,230	$	9,779	$	6,665	$	9,032
Regulatory liabilities
Allowance for cost of removal less salvage	$	540	$	503	$	453	$	420
Property tax reconciliation		322		187		322		187
Net unbilled revenue deferrals		133		136		133		136
Property tax refunds		130		7		130		6
Long-term interest rate reconciliation		105		62		105		62
Carrying charges on repair allowance and bonus depreciation		88		11		87		10
World Trade Center settlement proceeds		62		62		62		62
Other postretirement benefit deferrals		50		-		50		-
Expenditure prudence proceeding		40		14		40		14
Carrying charges on T&D net plant – electric and steam		28		31		20		13
Electric excess earnings		22		-		18		-
Other		208		189		178		167
Regulatory liabilities – long-term		1,728		1,202		1,598		1,077
Refundable energy costs – current		100		82		66		48
Revenue decoupling mechanism		34		72		30		68
Deferred derivative gains – current		14		-		11		-
Electric surcharge offset		-		29		-		29
Regulatory liabilities—current		148		183		107		145
Total Regulatory Liabilities	$	1,876	$	1,385	$	1,705	$	1,222

CECONY-Electric [Member]

Schedule of Regulatory Liability Revenue Requirement Impact

The amounts reflected in rates were:

	Rate Year Ending March 31,
(Millions of Dollars)	2011		2012		2013
T&D	$	13,818	$	14,742	$	15,414
Other		1,487		1,565		1,650
ERP		-		25		115

 The amounts reflected in rates are:

	Rate Year Ending December 31,
(Millions of Dollars)	2014		2015
T&D	$	16,869	$	17,401
Storm hardening		89		177
Other		2,034		2,102

CECONY-Gas [Member]

Schedule of Regulatory Liability Revenue Requirement Impact

The amounts reflected in rates are:

	Rate Year Ending December 31,
(Millions of Dollars)	2014		2015		2016
Gas delivery	$	3,899	$	4,258	$	4,698
Storm hardening		3		8		30

CECONY-Steam [Member]

Schedule of Regulatory Liability Revenue Requirement Impact

The amounts reflected in rates are:

	Rate Year Ending September 30,
(Millions of Dollars)	2011		2012		2013
Steam production	$	415	$	426	$	433
Steam distribution		521		534		543

 The amounts reflected in rates are:

	Rate Year Ending December 31,
(Millions of Dollars)	2014		2015		2016
Steam production	$	1,752	$	1,732	$	1,720
Steam distribution		6		11		25