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Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2015
Other Postretirement Benefits

Note F — Other Postretirement Benefits

Total Periodic Benefit Cost

The components of the Companies’ total periodic other postretirement benefit costs for the three months ended March 31, 2015 and 2014 were as follows:

 

     Con Edison     CECONY  
(Millions of Dollars)   2015     2014     2015     2014  

Service cost

   $ 5      $ 5      $ 4      $ 4   

Interest cost on accumulated other postretirement benefit obligation

     13        15        11        13   

Expected return on plan assets

     (20 )      (19 )      (17 )      (17 ) 

Recognition of net actuarial loss

     8        14        7        13   

Recognition of prior service cost

     (5 )      (5 )      (4 )      (4 ) 

TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST

   $ 1      $ 10      $ 1      $ 9   

Cost capitalized

     (1 )      (4 )      (1 )      (3 ) 

Reconciliation to rate level

     4        3        2        —   

Cost charged to operating expenses

   $ 4      $ 9      $ 2      $ 6   

 

Expected Contributions

Based on estimates as of March 31, 2015, Con Edison expects to make a contribution of $6 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2015.
CECONY [Member]  
Other Postretirement Benefits

Note F — Other Postretirement Benefits

Total Periodic Benefit Cost

The components of the Companies’ total periodic other postretirement benefit costs for the three months ended March 31, 2015 and 2014 were as follows:

 

     Con Edison     CECONY  
(Millions of Dollars)   2015     2014     2015     2014  

Service cost

   $ 5      $ 5      $ 4      $ 4   

Interest cost on accumulated other postretirement benefit obligation

     13        15        11        13   

Expected return on plan assets

     (20 )      (19 )      (17 )      (17 ) 

Recognition of net actuarial loss

     8        14        7        13   

Recognition of prior service cost

     (5 )      (5 )      (4 )      (4 ) 

TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST

   $ 1      $ 10      $ 1      $ 9   

Cost capitalized

     (1 )      (4 )      (1 )      (3 ) 

Reconciliation to rate level

     4        3        2        —   

Cost charged to operating expenses

   $ 4      $ 9      $ 2      $ 6   

 

Expected Contributions

Based on estimates as of March 31, 2015, Con Edison expects to make a contribution of $6 million, nearly all of which is for CECONY, to the other postretirement benefit plans in 2015.