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Consolidated Income Statement (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
OPERATING REVENUES        
Electric $ 2,786 $ 2,822 $ 7,158 $ 6,799
Gas 237 225 1,514 1,333
Steam 46 72 485 522
Non-utility 321 365 934 833
TOTAL OPERATING REVENUES 3,390 3,484 10,091 9,487
OPERATING EXPENSES        
Purchased power 875 946 2,621 2,421
Fuel 41 56 231 261
Gas purchased for resale 76 74 627 443
Other operations and maintenance 857 795 2,483 2,400
Depreciation and amortization 270 258 796 764
Taxes, other than income taxes 452 500 1,419 1,431
TOTAL OPERATING EXPENSES 2,571 2,629 8,177 7,720
Gain on sale of solar energy projects     45  
OPERATING INCOME 819 855 1,959 1,767
OTHER INCOME (DEDUCTIONS)        
Investment and other income 28 8 53 19
Allowance for equity funds used during construction 1 1 4 2
Other deductions (3) (4) (12) (12)
TOTAL OTHER INCOME (DEDUCTIONS) 26 5 45 9
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 845 860 2,004 1,776
INTEREST EXPENSE        
Interest on long-term debt 145 145 438 433
Other interest 5 2 (1) 143
Allowance for borrowed funds used during construction   (1) (2) (1)
NET INTEREST EXPENSE 150 146 435 575
INCOME BEFORE INCOME TAX EXPENSE 695 714 1,569 1,201
INCOME TAX EXPENSE 259 250 559 373
NET INCOME FOR COMMON STOCK 436 464 1,010 828
Net income for common stock per common share - basic $ 1.49 $ 1.58 $ 3.45 $ 2.83
Net income for common stock per common share - diluted $ 1.48 $ 1.58 $ 3.44 $ 2.81
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.630 $ 0.615 $ 1.890 $ 1.845
AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC (IN MILLIONS) 292.9 292.9 292.9 292.9
AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED (IN MILLIONS) 294.0 294.3 294.0 294.3
CECONY [Member]
       
OPERATING REVENUES        
Electric 2,582 2,622 6,635 6,309
Gas 210 199 1,359 1,190
Steam 46 72 485 522
TOTAL OPERATING REVENUES 2,838 2,893 8,479 8,021
OPERATING EXPENSES        
Purchased power 573 624 1,707 1,548
Fuel 42 56 231 261
Gas purchased for resale 36 58 487 376
Other operations and maintenance 748 686 2,172 2,102
Depreciation and amortization 250 237 737 705
Taxes, other than income taxes 433 480 1,359 1,370
TOTAL OPERATING EXPENSES 2,082 2,141 6,693 6,362
OPERATING INCOME 756 752 1,786 1,659
OTHER INCOME (DEDUCTIONS)        
Investment and other income 12 1 20 7
Allowance for equity funds used during construction 1 1 3 1
Other deductions (3) (3) (10) (10)
TOTAL OTHER INCOME (DEDUCTIONS) 10 (1) 13 (2)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 766 751 1,799 1,657
INTEREST EXPENSE        
Interest on long-term debt 130 127 388 384
Other interest 4 1 11 12
Allowance for borrowed funds used during construction     (1) (1)
NET INTEREST EXPENSE 134 128 398 395
INCOME BEFORE INCOME TAX EXPENSE 632 623 1,401 1,262
INCOME TAX EXPENSE 233 222 496 431
NET INCOME FOR COMMON STOCK $ 399 $ 401 $ 905 $ 831