Financial Information by Business Segment

9 Months Ended

Sep. 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 September 30,
	Operating revenues					Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2014			2013		2014			2013			2014		2013		2014			2013
CECONY
Electric	$	2,582		$	2,622	$	4		$	4		$	198	$	188	$	811		$	811
Gas		210			199		1			1			33		33		(14	)		(24	)
Steam		46			72		21			22			19		16		(41	)		(35	)
Consolidation adjustments		—			—		(26	)		(27	)		—		—		—			—
Total CECONY	$	2,838		$	2,893	$	—		$	—		$	250	$	237	$	756		$	752
O&R
Electric	$	205		$	200	$	—		$	—		$	12	$	10	$	51		$	46
Gas		27			26		—			—			4		4		(8	)		(7	)
Total O&R	$	232		$	226	$	—		$	—		$	16	$	14	$	43		$	39
Competitive energy businesses	$	321		$	365	$	(3	)	$	—		$	3	$	6	$	20		$	63
Other*		(1	)		—		3			—			1		1		—			1
Total Con Edison	$	3,390		$	3,484	$	—		$	—		$	270	$	258	$	819		$	855

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

	For the Nine Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating Income
(Millions of Dollars)	2014			2013			2014			2013			2014		2013		2014		2013
CECONY
Electric	$	6,635		$	6,309		$	12		$	12		$	581	$	559	$	1,416	$	1,307
Gas		1,359			1,190			4			4			98		97		273		272
Steam		485			522			62			60			58		49		97		80
Consolidation adjustments		—			—			(78	)		(76	)		—		—		—		—
Total CECONY	$	8,479		$	8,021		$	—		$	—		$	737	$	705	$	1,786	$	1,659
O&R
Electric	$	525		$	492		$	—		$	—		$	33	$	31	$	87	$	81
Gas		155			143			—			—			12		11		15		20
Total O&R	$	680		$	635		$	—		$	—		$	45	$	42	$	102	$	101
Competitive energy businesses	$	934		$	834		$	(2	)	$	4		$	14	$	16	$	70	$	7
Other*		(2	)		(3	)		2			(4	)		—		1		1		—
Total Con Edison	$	10,091		$	9,487		$	—		$	—		$	796	$	764	$	1,959	$	1,767

* 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 September 30,
	Operating revenues					Inter-segment revenues						Depreciation and amortization				Operating income
(Millions of Dollars)	2014			2013		2014			2013			2014		2013		2014			2013
CECONY
Electric	$	2,582		$	2,622	$	4		$	4		$	198	$	188	$	811		$	811
Gas		210			199		1			1			33		33		(14	)		(24	)
Steam		46			72		21			22			19		16		(41	)		(35	)
Consolidation adjustments		—			—		(26	)		(27	)		—		—		—			—
Total CECONY	$	2,838		$	2,893	$	—		$	—		$	250	$	237	$	756		$	752
O&R
Electric	$	205		$	200	$	—		$	—		$	12	$	10	$	51		$	46
Gas		27			26		—			—			4		4		(8	)		(7	)
Total O&R	$	232		$	226	$	—		$	—		$	16	$	14	$	43		$	39
Competitive energy businesses	$	321		$	365	$	(3	)	$	—		$	3	$	6	$	20		$	63
Other*		(1	)		—		3			—			1		1		—			1
Total Con Edison	$	3,390		$	3,484	$	—		$	—		$	270	$	258	$	819		$	855

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

	For the Nine Months Ended September 30,
	Operating revenues						Inter-segment revenues						Depreciation and amortization				Operating Income
(Millions of Dollars)	2014			2013			2014			2013			2014		2013		2014		2013
CECONY
Electric	$	6,635		$	6,309		$	12		$	12		$	581	$	559	$	1,416	$	1,307
Gas		1,359			1,190			4			4			98		97		273		272
Steam		485			522			62			60			58		49		97		80
Consolidation adjustments		—			—			(78	)		(76	)		—		—		—		—
Total CECONY	$	8,479		$	8,021		$	—		$	—		$	737	$	705	$	1,786	$	1,659
O&R
Electric	$	525		$	492		$	—		$	—		$	33	$	31	$	87	$	81
Gas		155			143			—			—			12		11		15		20
Total O&R	$	680		$	635		$	—		$	—		$	45	$	42	$	102	$	101
Competitive energy businesses	$	934		$	834		$	(2	)	$	4		$	14	$	16	$	70	$	7
Other*		(2	)		(3	)		2			(4	)		—		1		1		—
Total Con Edison	$	10,091		$	9,487		$	—		$	—		$	796	$	764	$	1,959	$	1,767

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