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Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2014
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 months ended March 31, 2014 and 2013 were as follows:

 

     Con Edison     CECONY  
(Millions of Dollars)   2014     2013     2014     2013  

Service cost

   $    5      $    6      $    4      $    5   

Interest cost on accumulated other postretirement benefit obligation

     15        14        13        12   

Expected return on plan assets

     (19 )      (19 )      (17 )      (17 ) 

Recognition of net actuarial loss

     14        16        13        14   

Recognition of prior service cost

     (5 )      (7 )      (4 )      (6 ) 

NET PERIODIC POSTRETIREMENT BENEFIT COST

   $ 10      $  10      $    9      $  8   

Cost capitalized

     (4 )      (3 )      (3 )      (2 ) 

Reconciliation to rate level

     3        12        —        11   

Cost charged to operating expenses

   $  9      $  19      $  6      $  17   

 

Expected Contributions

Based on estimates as of March 31, 2014, Con Edison expects to make a contribution of $7 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2014.
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 months ended March 31, 2014 and 2013 were as follows:

 

     Con Edison     CECONY  
(Millions of Dollars)   2014     2013     2014     2013  

Service cost

   $    5      $    6      $    4      $    5   

Interest cost on accumulated other postretirement benefit obligation

     15        14        13        12   

Expected return on plan assets

     (19 )      (19 )      (17 )      (17 ) 

Recognition of net actuarial loss

     14        16        13        14   

Recognition of prior service cost

     (5 )      (7 )      (4 )      (6 ) 

NET PERIODIC POSTRETIREMENT BENEFIT COST

   $ 10      $  10      $    9      $  8   

Cost capitalized

     (4 )      (3 )      (3 )      (2 ) 

Reconciliation to rate level

     3        12        —        11   

Cost charged to operating expenses

   $  9      $  19      $  6      $  17   

 

Expected Contributions

Based on estimates as of March 31, 2014, Con Edison expects to make a contribution of $7 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2014.