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v3.20.2

Regulatory Matters (Tables) | 9 Months Ended
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Sep. 30, 2020
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities at September 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 | $1,901 | $2,541 |  | $1,785 | $2,403
Environmental remediation costs | 723 | 732 |  | 645 | 647
Revenue taxes | 345 | 321 |  | 331 | 308
Pension and other postretirement benefits deferrals | 274 | 71 |  | 237 | 47
Property tax reconciliation | 238 | 219 |  | 235 | 210
MTA power reliability deferral | 200 | 248 |  | 200 | 248
Deferred storm costs | 158 | 77 |  | 60 |  | — |
Deferred derivative losses | 156 | 83 |  | 145 | 76
COVID-19 pandemic deferrals | 102 | — |  |  | 101 | — |
System peak reduction and energy efficiency programs | 95 | 131 |  | 94 | 130
Municipal infrastructure support costs | 67 | 75 |  | 67 | 75
Brooklyn Queens demand management program | 36 | 39 |  | 36 | 39
Meadowlands heater odorization project | 33 | 35 |  | 33 | 35
Gate station upgrade project | 26 | 19 |  | 26 | 19
Recoverable REV demonstration project costs | 24 | 21 |  | 22 | 19
Unamortized loss on reacquired debt | 22 | 28 |  | 21 | 26
Preferred stock redemption | 21 | 22 |  | 21 | 22
Non-wire alternative projects | 15 | 14 |  | 15 | 14
Workers’ compensation | — |  | 3 |  | — |  | 3
Other | 219 | 180 |  | 204 | 166
Regulatory assets – noncurrent | 4,655 | 4,859 |  | 4,278 | 4,487
Deferred derivative losses | 116 | 128 |  | 104 | 113
Recoverable energy costs | 50 | — |  |  | 40 |  | — |
Regulatory assets – current | 166 | 128 |  | 144 | 113
Total Regulatory Assets | $4,821 | $4,987 |  | $4,422 | $4,600
Regulatory liabilities |  |  |  |  |
Future income tax | $2,270 | $2,426 |  | $2,123 | $2,275
Allowance for cost of removal less salvage | 1,038 | 989 |  | 885 | 843
TCJA net benefits* | 337 | 471 |  | 327 | 454
Net proceeds from sale of property | 152 | 173 |  | 152 | 173
Net unbilled revenue deferrals | 148 | 199 |  | 148 | 199
Pension and other postretirement benefit deferrals | 79 | 75 |  | 43 | 46
Energy efficiency portfolio standard unencumbered funds | 65 | 122 |  | 62 | 118
System benefit charge carrying charge | 60 | 48 |  | 54 | 44
Property tax refunds | 35 | 45 |  | 34 | 45
Unrecognized other postretirement costs | 33 | 9 |  | — |  | — |
BQDM and REV Demo reconciliations | 26 | 27 |  | 24 | 26
Settlement of gas proceedings | 22 | 10 |  | 22 | 10
Sales and use tax refunds | 17 | 8 |  | 17 | 8
Earnings sharing - electric, gas and steam | 16 | 22 |  | 10 | 15
Settlement of prudence proceeding | 6 | 8 |  | 6 | 8
Other | 265 | 195 |  | 227 | 163
Regulatory liabilities – noncurrent | 4,569 | 4,827 |  | 4,134 | 4,427
Deferred derivative gains | 57 | 34 |  | 54 | 34
Refundable energy costs | 33 | 44 |  | 8 | 12
Revenue decoupling mechanism | — |  | 24 |  | — |  | 17
Regulatory liabilities – current | 90 | 102 |  | 62 | 63
Total Regulatory Liabilities | $4,659 | $4,929 |  | $4,196 | $4,490
* See "Other Regulatory Matters," above.
Schedule of Regulatory Liabilities | Regulatory assets and liabilities at September 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 | $1,901 | $2,541 |  | $1,785 | $2,403
Environmental remediation costs | 723 | 732 |  | 645 | 647
Revenue taxes | 345 | 321 |  | 331 | 308
Pension and other postretirement benefits deferrals | 274 | 71 |  | 237 | 47
Property tax reconciliation | 238 | 219 |  | 235 | 210
MTA power reliability deferral | 200 | 248 |  | 200 | 248
Deferred storm costs | 158 | 77 |  | 60 |  | — |
Deferred derivative losses | 156 | 83 |  | 145 | 76
COVID-19 pandemic deferrals | 102 | — |  |  | 101 | — |
System peak reduction and energy efficiency programs | 95 | 131 |  | 94 | 130
Municipal infrastructure support costs | 67 | 75 |  | 67 | 75
Brooklyn Queens demand management program | 36 | 39 |  | 36 | 39
Meadowlands heater odorization project | 33 | 35 |  | 33 | 35
Gate station upgrade project | 26 | 19 |  | 26 | 19
Recoverable REV demonstration project costs | 24 | 21 |  | 22 | 19
Unamortized loss on reacquired debt | 22 | 28 |  | 21 | 26
Preferred stock redemption | 21 | 22 |  | 21 | 22
Non-wire alternative projects | 15 | 14 |  | 15 | 14
Workers’ compensation | — |  | 3 |  | — |  | 3
Other | 219 | 180 |  | 204 | 166
Regulatory assets – noncurrent | 4,655 | 4,859 |  | 4,278 | 4,487
Deferred derivative losses | 116 | 128 |  | 104 | 113
Recoverable energy costs | 50 | — |  |  | 40 |  | — |
Regulatory assets – current | 166 | 128 |  | 144 | 113
Total Regulatory Assets | $4,821 | $4,987 |  | $4,422 | $4,600
Regulatory liabilities |  |  |  |  |
Future income tax | $2,270 | $2,426 |  | $2,123 | $2,275
Allowance for cost of removal less salvage | 1,038 | 989 |  | 885 | 843
TCJA net benefits* | 337 | 471 |  | 327 | 454
Net proceeds from sale of property | 152 | 173 |  | 152 | 173
Net unbilled revenue deferrals | 148 | 199 |  | 148 | 199
Pension and other postretirement benefit deferrals | 79 | 75 |  | 43 | 46
Energy efficiency portfolio standard unencumbered funds | 65 | 122 |  | 62 | 118
System benefit charge carrying charge | 60 | 48 |  | 54 | 44
Property tax refunds | 35 | 45 |  | 34 | 45
Unrecognized other postretirement costs | 33 | 9 |  | — |  | — |
BQDM and REV Demo reconciliations | 26 | 27 |  | 24 | 26
Settlement of gas proceedings | 22 | 10 |  | 22 | 10
Sales and use tax refunds | 17 | 8 |  | 17 | 8
Earnings sharing - electric, gas and steam | 16 | 22 |  | 10 | 15
Settlement of prudence proceeding | 6 | 8 |  | 6 | 8
Other | 265 | 195 |  | 227 | 163
Regulatory liabilities – noncurrent | 4,569 | 4,827 |  | 4,134 | 4,427
Deferred derivative gains | 57 | 34 |  | 54 | 34
Refundable energy costs | 33 | 44 |  | 8 | 12
Revenue decoupling mechanism | — |  | 24 |  | — |  | 17
Regulatory liabilities – current | 90 | 102 |  | 62 | 63
Total Regulatory Liabilities | $4,659 | $4,929 |  | $4,196 | $4,490
* See "Other Regulatory Matters," above.

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