Financial Information by Business Segment

6 Months Ended

Jun. 30, 2014

Financial Information by Business Segment

Note K — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization					Operating income
(Millions of Dollars)	2014			2013			2014			2013			2014			2013		2014			2013
CECONY
Electric	$	1,978		$	1,872		$	4		$	4		$	195		$	186	$	347		$	307
Gas		360			331			2			2			33			32		54			53
Steam		98			118			21			19			19			17		(15	)		(14	)
Consolidation adjustments		—			—			(27	)		(25	)		—			—		—			—
Total CECONY	$	2,436		$	2,321		$	—		$	—		$	247		$	235	$	386		$	346
O&R
Electric	$	157		$	146		$	—		$	—		$	11		$	10	$	25		$	14
Gas		35			35			—			—			4			4		(5	)		(1	)
Total O&R	$	192		$	181		$	—		$	—		$	15		$	14	$	20		$	13
Competitive energy businesses	$	284		$	317		$	(1	)	$	2		$	4		$	5	$	48		$	27
Other*		(1	)		(1	)		1			(2	)		(1	)		1		1			—
Total Con Edison	$	2,911		$	2,818		$	—		$	—		$	265		$	255	$	455		$	386

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

	For the Six Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2014			2013			2014			2013			2014		2013		2014		2013
CECONY
Electric	$	4,053		$	3,686		$	8		$	8		$	383	$	371	$	605	$	495
Gas		1,149			991			3			3			64		64		287		296
Steam		439			450			41			38			39		33		138		115
Consolidation adjustments		—			—			(52	)		(49	)		—		—		—		—
Total CECONY	$	5,641		$	5,127		$	—		$	—		$	486	$	468	$	1,030	$	906
O&R
Electric	$	320		$	291		$	—		$	—		$	21	$	20	$	37	$	34
Gas		128			117			—			—			8		8		22		27
Total O&R	$	448		$	408		$	—		$	—		$	29	$	28	$	59	$	61
Competitive energy businesses	$	612		$	469		$	1		$	4		$	11	$	10	$	50	$	(56	)
Other*		(1	)		(1	)		(1	)		(4	)		—		—		1		1
Total Con Edison	$	6,700		$	6,003		$	—		$	—		$	526	$	506	$	1,140	$	912

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

CECONY [Member]

Financial Information by Business Segment

Note K — Financial Information by Business Segment

The financial data for the business segments are as follows:

	For the Three Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization					Operating income
(Millions of Dollars)	2014			2013			2014			2013			2014			2013		2014			2013
CECONY
Electric	$	1,978		$	1,872		$	4		$	4		$	195		$	186	$	347		$	307
Gas		360			331			2			2			33			32		54			53
Steam		98			118			21			19			19			17		(15	)		(14	)
Consolidation adjustments		—			—			(27	)		(25	)		—			—		—			—
Total CECONY	$	2,436		$	2,321		$	—		$	—		$	247		$	235	$	386		$	346
O&R
Electric	$	157		$	146		$	—		$	—		$	11		$	10	$	25		$	14
Gas		35			35			—			—			4			4		(5	)		(1	)
Total O&R	$	192		$	181		$	—		$	—		$	15		$	14	$	20		$	13
Competitive energy businesses	$	284		$	317		$	(1	)	$	2		$	4		$	5	$	48		$	27
Other*		(1	)		(1	)		1			(2	)		(1	)		1		1			—
Total Con Edison	$	2,911		$	2,818		$	—		$	—		$	265		$	255	$	455		$	386

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.

	For the Six Months Ended June 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2014			2013			2014			2013			2014		2013		2014		2013
CECONY
Electric	$	4,053		$	3,686		$	8		$	8		$	383	$	371	$	605	$	495
Gas		1,149			991			3			3			64		64		287		296
Steam		439			450			41			38			39		33		138		115
Consolidation adjustments		—			—			(52	)		(49	)		—		—		—		—
Total CECONY	$	5,641		$	5,127		$	—		$	—		$	486	$	468	$	1,030	$	906
O&R
Electric	$	320		$	291		$	—		$	—		$	21	$	20	$	37	$	34
Gas		128			117			—			—			8		8		22		27
Total O&R	$	448		$	408		$	—		$	—		$	29	$	28	$	59	$	61
Competitive energy businesses	$	612		$	469		$	1		$	4		$	11	$	10	$	50	$	(56	)
Other*		(1	)		(1	)		(1	)		(4	)		—		—		1		1
Total Con Edison	$	6,700		$	6,003		$	—		$	—		$	526	$	506	$	1,140	$	912

* Parent company expenses, primarily interest, and consolidation adjustments. Other does not represent a business segment.