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v3.20.2

Regulatory Matters (Tables) | 6 Months Ended
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Jun. 30, 2020
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities at June 30, 2020 and December 31, 2019 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2020 |  | 2019 |  |  | 2020 |  | 2019 |
Regulatory assets |  |  |  |  |
Unrecognized pension and other postretirement costs | $2,072 | $2,541 |  | $1,947 | $2,403
Environmental remediation costs | 729 | 732 |  | 648 | 647
Revenue taxes | 336 | 321 |  | 322 | 308
Property tax reconciliation | 235 | 219 |  | 230 | 210
Pension and other postretirement benefits deferrals | 229 | 71 |  | 196 | 47
MTA power reliability deferral | 212 | 248 |  | 212 | 248
Deferred derivative losses | 142 | 83 |  | 133 | 76
System peak reduction and energy efficiency programs | 103 | 131 |  | 102 | 130
Municipal infrastructure support costs | 72 | 75 |  | 72 | 75
Deferred storm costs | 70 | 77 |  | — |  | — |
Brooklyn Queens demand management program | 37 | 39 |  | 37 | 39
Meadowlands heater odorization project | 34 | 35 |  | 34 | 35
Gate station upgrade project | 28 | 19 |  | 28 | 19
Unamortized loss on reacquired debt | 24 | 28 |  | 22 | 26
Recoverable REV demonstration project costs | 23 | 21 |  | 21 | 19
Preferred stock redemption | 22 | 22 |  | 22 | 22
Non-wire alternative projects | 14 | 14 |  | 14 | 14
Workers’ compensation | — |  | 3 |  | — |  | 3
Other | 224 | 180 |  | 212 | 166
Regulatory assets – noncurrent | 4,606 | 4,859 |  | 4,252 | 4,487
Deferred derivative losses | 106 | 128 |  | 93 | 113
Recoverable energy costs | 11 | — |  |  | 4 |  | — |
Regulatory assets – current | 117 | 128 |  | 97 | 113
Total Regulatory Assets | $4,723 | $4,987 |  | $4,349 | $4,600
Regulatory liabilities |  |  |  |  |
Future income tax | $2,323 | $2,426 |  | $2,175 | $2,275
Allowance for cost of removal less salvage | 1,035 | 989 |  | 884 | 843
TCJA net benefits* | 379 | 471 |  | 366 | 454
Net proceeds from sale of property | 159 | 173 |  | 159 | 173
Net unbilled revenue deferrals | 155 | 199 |  | 155 | 199
Energy efficiency portfolio standard unencumbered funds | 88 | 122 |  | 85 | 118
Pension and other postretirement benefit deferrals | 72 | 75 |  | 40 | 46
System benefit charge carrying charge | 56 | 48 |  | 50 | 44
Property tax refunds | 38 | 45 |  | 38 | 45
Unrecognized other postretirement costs | 33 | 9 |  | — |  | — |
BQDM and REV Demo reconciliations | 26 | 27 |  | 25 | 26
Settlement of gas proceedings | 22 | 10 |  | 22 | 10
Sales and use tax refunds | 18 | 8 |  | 18 | 8
Earnings sharing - electric, gas and steam | 17 | 22 |  | 10 | 15
Settlement of prudence proceeding | 7 | 8 |  | 7 | 8
Other | 224 | 195 |  | 188 | 163
Regulatory liabilities – noncurrent | 4,652 | 4,827 |  | 4,222 | 4,427
Refundable energy costs | 31 | 44 |  | 8 | 12
Deferred derivative gains | 32 | 34 |  | 31 | 34
Revenue decoupling mechanism | — |  | 24 |  | — |  | 17
Regulatory liabilities – current | 63 | 102 |  | 39 | 63
Total Regulatory Liabilities | $4,715 | $4,929 |  | $4,261 | $4,490
* See "Other Regulatory Matters," above.
Schedule of Regulatory Liabilities | Regulatory assets and liabilities at June 30, 2020 and December 31, 2019 were comprised of the following items:
| Con Edison |  | CECONY
(Millions of Dollars) | 2020 |  | 2019 |  |  | 2020 |  | 2019 |
Regulatory assets |  |  |  |  |
Unrecognized pension and other postretirement costs | $2,072 | $2,541 |  | $1,947 | $2,403
Environmental remediation costs | 729 | 732 |  | 648 | 647
Revenue taxes | 336 | 321 |  | 322 | 308
Property tax reconciliation | 235 | 219 |  | 230 | 210
Pension and other postretirement benefits deferrals | 229 | 71 |  | 196 | 47
MTA power reliability deferral | 212 | 248 |  | 212 | 248
Deferred derivative losses | 142 | 83 |  | 133 | 76
System peak reduction and energy efficiency programs | 103 | 131 |  | 102 | 130
Municipal infrastructure support costs | 72 | 75 |  | 72 | 75
Deferred storm costs | 70 | 77 |  | — |  | — |
Brooklyn Queens demand management program | 37 | 39 |  | 37 | 39
Meadowlands heater odorization project | 34 | 35 |  | 34 | 35
Gate station upgrade project | 28 | 19 |  | 28 | 19
Unamortized loss on reacquired debt | 24 | 28 |  | 22 | 26
Recoverable REV demonstration project costs | 23 | 21 |  | 21 | 19
Preferred stock redemption | 22 | 22 |  | 22 | 22
Non-wire alternative projects | 14 | 14 |  | 14 | 14
Workers’ compensation | — |  | 3 |  | — |  | 3
Other | 224 | 180 |  | 212 | 166
Regulatory assets – noncurrent | 4,606 | 4,859 |  | 4,252 | 4,487
Deferred derivative losses | 106 | 128 |  | 93 | 113
Recoverable energy costs | 11 | — |  |  | 4 |  | — |
Regulatory assets – current | 117 | 128 |  | 97 | 113
Total Regulatory Assets | $4,723 | $4,987 |  | $4,349 | $4,600
Regulatory liabilities |  |  |  |  |
Future income tax | $2,323 | $2,426 |  | $2,175 | $2,275
Allowance for cost of removal less salvage | 1,035 | 989 |  | 884 | 843
TCJA net benefits* | 379 | 471 |  | 366 | 454
Net proceeds from sale of property | 159 | 173 |  | 159 | 173
Net unbilled revenue deferrals | 155 | 199 |  | 155 | 199
Energy efficiency portfolio standard unencumbered funds | 88 | 122 |  | 85 | 118
Pension and other postretirement benefit deferrals | 72 | 75 |  | 40 | 46
System benefit charge carrying charge | 56 | 48 |  | 50 | 44
Property tax refunds | 38 | 45 |  | 38 | 45
Unrecognized other postretirement costs | 33 | 9 |  | — |  | — |
BQDM and REV Demo reconciliations | 26 | 27 |  | 25 | 26
Settlement of gas proceedings | 22 | 10 |  | 22 | 10
Sales and use tax refunds | 18 | 8 |  | 18 | 8
Earnings sharing - electric, gas and steam | 17 | 22 |  | 10 | 15
Settlement of prudence proceeding | 7 | 8 |  | 7 | 8
Other | 224 | 195 |  | 188 | 163
Regulatory liabilities – noncurrent | 4,652 | 4,827 |  | 4,222 | 4,427
Refundable energy costs | 31 | 44 |  | 8 | 12
Deferred derivative gains | 32 | 34 |  | 31 | 34
Revenue decoupling mechanism | — |  | 24 |  | — |  | 17
Regulatory liabilities – current | 63 | 102 |  | 39 | 63
Total Regulatory Liabilities | $4,715 | $4,929 |  | $4,261 | $4,490
* See "Other Regulatory Matters," above.

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