Leases (Tables)

12 Months Ended

Dec. 31, 2014

Leases [Abstract]

Schedule of Capital Leases

The following assets under capital leases are included in the Companies’ consolidated balance sheets at December 31, 2014 and 2013:

	Con Edison				CECONY
(Millions of Dollars)	2014		2013		2014		2013
UTILITY PLANT
Common	$	3	$	3	$	1	$	2

Future Minimum Lease Commitments

The future minimum lease commitments for the above assets are as follows:

(Millions of Dollars)	Con Edison		CECONY
2015	$	1	$	1
2016		1		1
2017		-		-
2018		-		-
2019		-		-
All years thereafter		-		-
Total		2		2
Less: amount representing interest		1		1
Present value of net minimum lease payment	$	1	$	1

Future Minimum Rental Payments for Operating Leases

The future minimum lease commitments under the Companies’ non-cancelable operating lease agreements are as follows:

(Millions of Dollars)	Con Edison		CECONY
2015	$	18	$	14
2016		17		13
2017		16		12
2018		16		12
2019		14		10
All years thereafter		72		51
Total	$	153	$	112

Schedule of Leveraged Lease Transactions Effect on Consolidated Income Statement

The effect on Con Edison’s consolidated income statement for the twelve months ended as of December 31, 2014 and 2013 was as follows:

	For the Years Ended December 31,
(Millions of Dollars)	2014		2013
Increase/(decrease) to non-utility operating revenues	$	-	$	(27	)
(Increase)/decrease to other interest expense		13		(131	)
Income tax benefit/(expense)		(14)		63
Total increase/(decrease) in net income		$(1)		$(95)