Other Postretirement Benefits

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2014 and 2013 were as follows:

	For the Three Months Ended June 30,
	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			13			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		$	9		$	9		$	8
Cost capitalized		(4	)		(4	)		(4	)		(4	)
Reconciliation to rate level		3			16			1			13
Cost charged to operating expenses	$	9		$	21		$	6		$	17

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2014			2013			2014			2013
Service cost	$	10		$	12		$	7		$	9
Interest cost on accumulated other postretirement benefit obligation		30			27			26			23
Expected return on plan assets		(38	)		(39	)		(34	)		(34	)
Recognition of net actuarial loss		28			32			26			28
Recognition of prior service cost		(10	)		(13	)		(7	)		(11	)
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	20		$	19		$	18		$	15
Cost capitalized		(8	)		(7	)		(7	)		(6	)
Reconciliation to rate level		6			29			1			25
Cost charged to operating expenses	$	18		$	41		$	12		$	34

Expected Contributions

Based on estimates as of June 30, 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 and six months ended June 30, 2014 and 2013 were as follows:

	For the Three Months Ended June 30,
	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			13			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		$	9		$	9		$	8
Cost capitalized		(4	)		(4	)		(4	)		(4	)
Reconciliation to rate level		3			16			1			13
Cost charged to operating expenses	$	9		$	21		$	6		$	17

	For the Six Months Ended June 30,
	Con Edison						CECONY
(Millions of Dollars)	2014			2013			2014			2013
Service cost	$	10		$	12		$	7		$	9
Interest cost on accumulated other postretirement benefit obligation		30			27			26			23
Expected return on plan assets		(38	)		(39	)		(34	)		(34	)
Recognition of net actuarial loss		28			32			26			28
Recognition of prior service cost		(10	)		(13	)		(7	)		(11	)
NET PERIODIC POSTRETIREMENT BENEFIT COST	$	20		$	19		$	18		$	15
Cost capitalized		(8	)		(7	)		(7	)		(6	)
Reconciliation to rate level		6			29			1			25
Cost charged to operating expenses	$	18		$	41		$	12		$	34

Expected Contributions

Based on estimates as of June 30, 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.